I will give people a little more time to write comments on this post on economists and predictions before I discuss it – let me say that I’m very happy with the two comments (from HH and Kimble) so far. There is a related issue that I think needs a bit of attention before we […]
My unequivocal answer here would be yes – but I’m not asking me, I’m asking you. Do you guys think that economists have been over-confident about their ability to predict things? We have repeatedly said on this blog that economic science “frames issues” – but predictions only stem from virtually untestable value judgments (although we […]
Japan’s economy contracted by 3.3% over the December quarter – a massive fall. To put this in context, the New Zealand economy has shrunk by 1% over the past nine months (to September) on the back of a drought induced recession. On the face of it this seems scary – Japan’s economy is falling because […]
Well according to Moody’s we are in the top tier of AAA rated sovereign debt (ht Market Movers). New Zealand is “Resistant” while the USA and UK are only “Resilient” and poor old Spain and Ireland are “Vulnerable”. Go us aye 😉
Almost unsurprisingly F&P is struggling in the current environment. Given that we are experiencing a global recession there was always going to be a huge fall off in demand for appliance products (something that hasn’t really happened in New Zealand yet interestingly). Stuff has already put up a few articles on the event (* and […]
Another quality cartoon from Mike Moreu (Cartoon’s and blog): Awesome. This is definitely how it feels at the moment. Lets hope the wave isn’t that big when it hits 🙂