June Quarterly GDP growth of 0.7% (seasonally adjusted) August Non-residential consents up 1.3% (seasonally adjusted) on July August Residential consents up 0.8% (seasonally adjuste) on July $945m trade deficit in August August Credit card data down 0.3% on July I don’t usually say anything about the data, but …. That GDP number, I wouldn’t have […]
It seems that some fine researchers in Waikato are trying to discover sets of preferences among cows. Good. I’m sure that individual cows do have a set of preferences over outcomes. However, the researchers better be careful that they don’t try to compare the value of different cows preferences, or take one cows (or a […]
Oww yea, we crossed US$0.76 temporarily. I said we would cross 76, however I said we would do it by the start of September, so I guess I was sort of wrong 😉 Where to from here? I don’t know, all this volatility scares me!
People are making a big deal about the fact that National wants to lift the cap on GP (general practitioner) rates. Now I know pretty much nothing about health policy, especially not New Zealand health policy, but I can see some of the merit in getting rid of the cap. Now before you kill me […]
NZPA released a story about an Orchardist that tried to get out of paying some seasonal workers for a public holiday. All well and good, the contractual obligations of an employer is a topic that is out of my league. However, the final line of the article got my interest. “When employers treat their workers […]
I was just looking at an interesting post from Philosophy, et cetera. They are discussing value when we have ‘infinites’. Now if we are looking at points in time with infinite resources this would be pointless for economists, as economics is the study of scarcity. If there are infinite resources, consumption is infinite and value […]