As a footnote to todays post on the Depression I feel it is important to add this from Dr Doom, Nouriel Roubini (ht Greg Mankiw). He puts down four reasons why deflation is now the concern: (1) a slack in goods markets, (2) a re-coupling of the rest of the world with the U.S. recession, […]
Anti-Dismal does a set of posts on this issue which are worth a read (here, here, and here). I will try to put down my own take on the issues for New Zealand specifically in this post. When thinking about declines in economic activity I have to think – what is the actual cost to […]
Following today’s terrible house price figures (I don’t have to see them to know they would be bad 😛 ) I thought it would be appropriate to go back to the comparison of NZ (and Aussie) to the US – at least for housing. Greg Mankiw links to an article in the Wall Street Journal. […]
I know that the decline in quality adjusted house prices (Quotable Value) between September 07 and September 08 was 5.8%, and I know that quality adjusted house price growth started to slow from August 07 – so I’m picking that the annual fall pushed out to 7% in October. A number below 6.5% tells me […]
So what happened – what party got the most votes? Did the Greens break 10%? Did Winnie get back in? I voted on Monday the 3rd before I went away (I am writing this on Sunday though – so I don’t know who I voted for!). I am sure its been very exciting. I do […]
Well many of you should have already voted – if you haven’t I’ll be sure to kick your ass. If I was in the country I would be extremely keen for an election night drinking game. As there is no game avaliable on the Sunday I am writing this I will just link to last […]