I’ve just read a great post about vehicle size and the probability of getting killed, go The Economist. Although you are less likely to die if you are in an accident and you are in an SUV, you are more likely to be in an accident if you are in an SUV, and therefore we […]
Well of course it is, a recession is a typical part of a business cycle and we need one to help our economy achieve some balance. Now that I have provided my conclusion, let me meat it out a little bit. By recession I am thinking that NZ is going to have a growth recession […]
The people at no right turn are unhappy with our discussion on torture as an alternative to imprisonment. That’s fine; however the last sentence of their post interested me: “As for “moral biases”, economics would do well to remove the beam from its own eye, and recognise that it is in fact a rather vulgur […]
I’ve been lazy, here are some numbers: Work put in place slipped 0.5% in the June quarter. Non-residential consents rose 3.9%pa in the three months to July July residential consents slipped 1.3% from June (SA), on the back of a fall off in apartment consent numbers July credit card transactions were down 0.2% from June […]
I have to admit that when I read this news story last night I was very angry. BERL seems determined to tell everyone that increasing interest rates increases the money supply, and a higher money supply leads to higher inflation. This would make sense, if money supply wasn’t INFINITE. But it is. In NZ we […]
The RBA left rates unchanged at 6.5%. Although economic growth and inflation have been stronger than expected in Australia, global uncertainty would have prevented another increase. The question now is, will the RBA lift rates again this year? Ultimately, this will depend the degree of uncertainty surrounding global markets, and the strength of house prices […]