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Obviously the biggest concern from this scandal should be the loss of life associated with it. However, the next biggest issue from a New Zealand standpoint is the potential loss of income associated with the damage to the “New Zealand brand”. Now if Fonterra was taking into account the risk and return associated with their […]
Congratulations to the Phoenix for their first win of the regular season (ht Yellow Fever). I should have been there, but I am currently far too swamped with work. For those that are complaining about the lackluster crowds I have to say – why the hell are the games on Sunday night? Even if the […]
A popular explanation of the booming in house prices according to, well, everyone is that there was lots of “credit washing around” which convinced people that they should go and bid up house prices. An example of this logic is shown in this statement at the very good Big Picture blog: The bubble in home […]
Econbrowser has a great post which takes this post by Brad Delong and adds some historical background. The post mentions that policy action will aim to prevent the mistakes of 1929, the 1970’s, and Japan in the early 1990s – behind the slight humor this is actually a very important comparison. One thing I would […]
Congratulations New Zealand – once again, leading the world in terms of an economic downturn. The 0.2% fall in production GDP in June puts us in a technical recession! Given how trade exposed we are I would assume that we would lag the rest of the world – but mother nature came in, provided us […]
According to a recent post on Frog Blog it would appear so. As well as randomly comparing the current crisis to the methodologically flawed “shock doctrine”, frog states that NZ MUST: invest in rebuilding our local communities so that they are economically independent and self sustainable This would surely only be the best thing to […]