The US Politico website ran an article on Saturday quoting 17 economists, assorted gurus & historians on Brexit, the UK exit from the European Union. As I ran through their postulations on the outlooks for 5 months out, and 5 years out, I thought so many of their conclusions could be utterly wrong.
Published 11 June 2009 The national gdp is 1% negative, Manukau City’s is 2% positive. Unemployment nationally is running at 5-6%, but in apparent contradiction Manukau’s is higher, at 7-8%. The mayor, Len Brown, is immensely proud of his city, but also keenly aware that, in a recession, while the big companies that make […]
Published 1 May 2009 Commerce Minister Simon Power made a scene-setting speech to the annual meeting of sharemarket operator NZX Ltd yesterday – his list of wants for the capital markets. The list of wants wasn’t matched by a clear message on how to get there, but he talked positively about the markets’ performance […]
Cullen concentrates on getting debt ratio down Unexciting as it was, Finance Minister Michael Cullen said his third Budget completed a $6.125 billion (originally $5.9 billion) programme set out in 2000. Dr Cullen had a bigger surplus available to play with this year ($2.6 billion), but chose to stay within the guideline (which he said […]
Migration, rising house prices & falling net wages “Our whole economy now depends on increasing house prices that in turn depend on levels of migration that are at record levels. It is not sustainable,” Act leader Richard Prebble said in his state-of-the-nation speech in Auckland today. Below are 3 extracts from his address. The 1st […]