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Following yesterday’s 100 basis point rate cut by the Reserve Bank of Australia, a statement was released that appeared to indicated that this could be the END of cuts by the RBA. This surprised me, given that the RBNZ has stated that it is looking at cutting rates. At 3.5% our cash rate is only […]
So the National government is reforming the Resource Management Act, interesting. Now anyone that says the changes are to help “during the crisis” is tripping – changing the RMA is a structural, long-term, issue not a “stimulus” issue. Framing it as a stimulus issue may help National to sell it – but that is not […]
Tell me, why is the six month deposit rate at its lowest level since December 1970 if it is so hard for bank’s to get funding? Apologises for the lack of posting and commenting lately – I am close to infinitely tied up with other exciting forms of economics. I will try to write a […]
Kiwiblog links to an interesting story about Vodaphone Vodafone (fixed for my illiteracy). In the story Vodafone begun charging for sending out paper statements after setting up a text statement service. Sure enough customers were unhappy – so they reversed the decision and now are not charging for the statements again. What was important for […]
Marginal Revolution links to a ranking that someone made of Beatles songs. Its definitely worth a read – it is amazing how diverse the Beatles music was, and how many important economic style considerations they made in their songs. My top five Beatles songs would be: “Within You Without You” (27th on his list), “Norwegian […]
Yuck yuck yuck. Given the lack of seasonal adjustment in this series the numbers don’t look as bad as they are – December is normally a very strong quarter for employment after all. A unemployment rate over 5% in December is a possibility – if these numbers actually line up with the household labour force […]