So on Christmas eve we get a special present – confirmation that we have so far had a three quarter recession The main market in town, iPredict, is spot on with the 95% pick for a negative GDP quarter. Let us discuss :
Category Archive: Macroeconomics
Permanent link to this article: http://www.tvhe.co.nz/2008/12/16/september-gdp-preview/
Dec 12 2008
Compulsory redundancy payments
I see there is some talk of compulsory redundancy payments after this sad story. Now even though it would be nice if those people hadn’t been left high and dry after all their years of commitment, it is important that we try to get an objective idea about the costs associated with the scheme.
Permanent link to this article: http://www.tvhe.co.nz/2008/12/12/compulsory-redundancy-payments/
Dec 11 2008
Make expansionary fiscal policy work – give it to the technocrats
I have no doubt that my views here will be contentious – but they need to be put forward nonetheless. I think that Treasury (or some mix of part of Treasury and IRD) should function at arms length in the same way as the Reserve Bank, and that they should set tax rates in the …
Permanent link to this article: http://www.tvhe.co.nz/2008/12/11/make-expansionary-fiscal-policy-work-give-it-to-the-technocrats/
Dec 11 2008
Defending the Bank’s attack on “prices”
Yesterday I said that I thought the Bank’s speech on bringing down the price level was ridiculous. Not only is asking for a decline in prices a strange thing for a central bank to do, the mentioning of “oil companies” was slightly off the mark – given that they have slashed prices in the face …
Permanent link to this article: http://www.tvhe.co.nz/2008/12/11/defending-the-banks-attack-on-prices/
Dec 09 2008
Correcting a slight swipe on forecasters
Over at Financial Armageddon they state that: Analysts naturally factor in the number of people who are out of work when they try to figure out future consumption patterns. But there is more to it, of course. People who are afraid they might lose their job are just as likely to economize or clamp down …
Permanent link to this article: http://www.tvhe.co.nz/2008/12/09/correcting-a-slight-swipe-on-forecasters/
Dec 01 2008
Buy low, sell high
With the official cash rate set to fall even further later this week, shares become relatively appealing when compared with other financial instruments, such as bonds and term deposits. The old adage of ‘buy low, sell high’ seems fitting, given the battering shares the world over have taken in the past while. The NZX and …
Permanent link to this article: http://www.tvhe.co.nz/2008/12/01/buy-low-sell-high/
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