Source: (Mike Moreu on Stuff) This guy’s a genius – what a brilliant cartoon 🙂 It certainly captures how things fell at the moment – I will have a post up on the crisis later in the day (here). Mike discusses his cartoon here.
Over at Anti-dismal, Paul Walker links to a paper by NZIER on New Zealand incomes relative to Australia. In the paper, NZIER states that: the average living standards of New Zealanders in 2007 were 24% lower than those of Australians (or equivalently, relative to living standards in New Zealand, Australia’s were 32% higher) However, I […]
Our preferred measure of consumer confidence, the Roy Morgan survey, has risen considerably over the last two months – and another set of data is due out of Friday, woohooo. However, this is not the only measure of consumer confidence – ultimately they all have some value. On Sunday, the Colmar Brunton consumer confidence survey […]
Hi all, We are currently having some problems with wordpress – namely bits keep on disappearing from our side bar (such as the blog roll!) and piles of rather random spam has been turning up. Hopefully it is not too annoying – I don’t really know how to fix anything, so we will just have […]
In practical terms this seems like an absolute fact – New Zealand has had a recession over the first half of 2008. However, to satisfy the iPredict contract we need a technical recession. As we have suggested before, the main risk to this contract stems from the March quarter being revised up – as partial […]
Over at Econlog, Arnold King is telling us how he lost his macro religion. It is an interesting post, and it gives me the impression that he believes any type of technical macroeconomics (either empirical or theoretical) to be somewhat of a fraud – a fair description given the difficulty of stringing out cause and […]