For those of you who missed the magic, before the credit crisis we were worried about a property crisis. In the midsts of this madness Matt Nolan was itnerveiwed by Paul Henry on breakfast. I was bored so I thought I would track down this video and relive the magic. At Matt’s gesturing I’m posting […]
Or so Russel Norman said when asked by Paul Henry earlier this week what the most common misconception about the Greens is. What do you think? I’m going to try a poll for the first time ever on tvhe, hopefully it works:) I somehow stumbeled across this article from the greens (don’t ask me how..) […]
However much I was looking forward to launching my own incredibly risky finance company, I’m glad that the RBNZ and Treasury have tidied up what was a terrible decision by the government to extend deposit protection to finance companies at no charge. Details here (ht: Migeul Sanchez). News coverage here I particularly like the quote […]
With the announcement of deposit insurance by the government for all our dodgy finance companies, being an economist who understands the concept of moral hazard (although in this case it would actually be adverse selection given that I would enter into the contract with government with the intent of exploiting an information asymmetry), I thought […]
For those of you don’t read stuff.co.nz while they should be working, there are some really interesting tidbits on the latest article about the Warehouse pahsing out the extra concept. It expected an annualised pre-tax improvement in trading earnings of about $9 million. i.e. the extra concept has been hemorrhaging money! Mr Morrice said it […]
Given that we could be entering a global recession, it’s not surprising to companies rationlaising their corporate strategy. However one thing that has caught me by surprise is the article I saw on stuff about Pizza hut rebranding as Pasta hut. This seamed particularly interesting given a recent post I read over by Gen Y […]