GDP figures expose business confidence survey nonsense

ANZ Bank’s Outlook business confidence survey has been forecasting gloom and doom for the economy ever since the surprise election result turfed out the National Party. Today’s GDP data showed the economy has actually been pumping along faster than the Reserve Bank believes is good for it.

Building Nations

This Government has probably one term to show progress in dealing with the country’s infrastructure deficit.

Let them fall

We’ve seen a fair few construction companies go under or get close to it recently.

Scrap the spending cap

Economist Ganesh Nana and Alan Johnson from the Salvation Army have urged the Government to relax the fiscal straight jacket imposed by its budget responsibility rules.

Government with a plan

The polls are great. Top work. But I’m getting worried about the entropy of this government already. Matthew Hooten and Karl Marx agree with me.

Property price decline

What would happen if the house prices of Auckland, Queenstown, and other centres of very high debt went into substantial and long term decline?

Who gives a hooton about climate change?

Matthew Hooton and Fran O’Sullivan have claimed that the Government’s decision to ban off shore petroleum exploration is “Orwellian”, part of an attempt to divert attention from other issues, bad for the environment and bad for jobs. Are they right?

Steaming cow poo.

Avoiding meat and dairy is ‘single biggest way’ to reduce your impact on Earth according to a Guardian headline.

Yeah. No it’s not.

Deep Trawling.

Is NZ’s fishing industry just a domestic version of the tobacco companies? And how much would that really matter?

Global Sharemarkets

Recent volatility in the U.S. stockmarkets has attracted calls that capitalism is facing a crisis.  But the reality appears to be different.

Fonterra a failure in concept and in practice

New Zealanders 17 years ago accepted the idea of a national dairy monopoly on the condition it would deliver outstanding returns. The cost has been high — filthy and unswimmable rivers. Now it turns out the result has been a financial fiasco – the whole thing is literally bullshit, or more correctly, cowshit.

Plastic Fantastic

Billions of disease laden pieces of plastic killing reefs. No effective solution offered.

Economy 2018

It’s that time of year where we start making predictions for 2018. I see it looking not too hot, not too cold.

TPP, Corporate Coup or “Free trade”?

However. TPP ( The trans Pacific partnership) is NOT a “Free trade” agreement. It is an attempt to cement in corporate power, to override inconvenient  local Democracy, and collect rents from local communities in perpetuity.
Since when was giving large companies extra rights in law, and rights to extract even more economic rents, “Free trade”?

The mess that the new government inherits

This post is too long to read. Its purpose is to serve as reference material, a “one stop” snapshot of where we are as a country. The mess that the new government inherits. The consequences of the nine long wasted years of National. The magnitude of the challenge ahead of us.

Donkey Dick Duncan

Gross political incompetence, not immigration, is what lies behind and beneath New Zealand’s infra-structure problems. Only a excited donkey’s dick waving in a stiff breeze might point accusingly towards immigrants and immigration as the problem.

Uncertainty doesn’t bother “the market” at all

There is no “strong and stable” government to “lead” us. Maximum uncertainty! No end in sight! According to received wisdom (and all those people in a self-interested rush to ordain the born-to-rule-party) the market should be panicking! In fact…

Good work if you can get it

During the election campaign elements of the farming community protested the possibility of a water tax and of farming being in the ETS on the basis the sector could not afford it.  In awkward news it has since come to light that the Chief Executive of Fonterra and senior executives are being paid huge salaries.

Joyce and English now laughing stock

Post John Key all National ever had going for it was an undeserved reputation for financial competence. Now that is gone too. It doesn’t get any worse than this 3 weeks out from an election.