- Thread starter
- #17,801
Wow, you’ve gone global as well!
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
NZWarriors.com
Frank’s not that beautiful
Would be nice to pull some money out of the ground
I remember growing up, it was nice to dream about a money tree
Australia basically has that, but they pull it out of the soil
I remember growing up, it was nice to dream about a money tree
Australia basically has that, but they pull it out of the soil
NZWarriors.com
I’ve been out to a few of those assets, the scale is difficult to comprehend until you’ve seen them in the flesh. Mount Whaleback as an example is quite incredible.
This is exciting for those right leaning posters - you'll be queueing up I'm sure! https://www.stuff.co.nz/world-news/...e-visa-lures-those-fearing-moral-decline-west
NZWarriors.com
I can hear the bags being packed as we speak!
- Thread starter
- #17,809
Drug users get withdrawals coming off drugs.
Economies get withdrawals coming off a debt fuelled govt spend up.
Living within our means sucks! Delaying the inevitable still means the inevitable still happens…
NZWarriors.com
Apologists make excuses. This government have created a huge extended recession. Great work.
Nope, our Reserve Bank created a glut & then a famine for consumer spending.
Manufactured recession, then this government extended it unnecessarily by cutting dead a number of vital functional areas and withdrawing all funding, particularly new builds. They've really stuffed up.
NZWarriors.com
The current government are forcing state owned operators to stand on their own two feet & either generate acceptable return on capital or restructure - which allows a redistribution of tax revenue to where it is needed more.
- Thread starter
- #17,814
Just to be clear, do you favour:
1 - appreciating house prices with the resulting increase in new supply
2 - or static prices enabling first home buyers but a chilling effect on new supply?
And linked to this:
A - do you support mass immigration = increasing demand and increasing prices = more supply
B - low immigration levels = lower demand for house = lower pressure in supply
And do you believe there’s currently an under supply or oversupply of housing?
As a tradesman, what I’m encountering now is far worse than what I encountered in the gfc. So many I’ve always known to have a heap of work in front of them are at a standstill. Looks like down south is the place to be in residential construction, lack of rentals, and North Island an oversupply apparently
NZWarriors.com
This government's poor and reckless decision making laid bare, costing this country billions
theconversation.com
NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning?
The Cook Strait ferry fiasco is just another symptom of a wider malaise: an inability to deliver, on time and at cost, the infrastructure that keeps the economy moving.
theconversation.com
Seymour is corrupt. Privatisation and wealth extraction is his mission
newsroom.co.nz
Ministry warned Seymour of public reaction to KidsCan contract
David Seymour earmarked $8m for non-profit ECE centres, but ended up quietly opening the door to private businesses when the scheme was announced.
newsroom.co.nz
From Bernard Hickey today:
The decision comes as even the Reserve Bank’s own new ‘NowCast’ indicator updated on Friday (see chart below) shows the economy contracted in the June quarter. Business surveys released in the last month from BusinessNZ, ANZ and NZIER all show businesses reporting activity fell in the June quarter, while consumer spending surveys also show an extension of a retail recession that has dragged on for more than three years.
So why hasn’t the economy continued on with the rebound seen in the March quarter? The Government portrayed the 0.8% rise in Q1 as the beginning of a recovery it has talked up since the start of the year. First, PM Christopher Luxon described 2025 as a year of ‘growth, growth, growth’ when he gave his State of the Nation address in January, and then Finance Minister Nicola Willis released her ‘no BS’ Budget for growth in May.
The problem is since then the Government itself has kept restricting construction investment in housing, hospitals and roads, as well pressing down on growth in operational spending.
The assumption was the housing market and business investment would step up to replace the Government as its sinking lid on spending growth pushed the size of Government down from over 34% of GDP to closer to 30% of GDP over the next couple of years. The trouble is that isn’t happening because households continue to experience cost of living stresses, driven partly by the Government-administered increases in electricity, rates and other prices, and continued job losses and wage repression. Reserve Bank lending restrictions are also stopping rental property investors from borrowing more to kick-start the housing market. Buyers and sellers are also in a stand-off over valuations, given banks are not forcing most sales.
Businesses are also reluctant to spend, given a lack of demand from consumers. The most positive part of the economy is agricultural exports rising to record highs, but farmers are choosing to repay debt, rather than invest it or spend it.
The Lead: Economy sliding back into winter of recession
The Reserve Bank is widely expected to hold its cash rate at 3.25% tomorrow, despite most economists and the Government itself wanting the bank to cut again, and despite clear signs from leading indicators that the economy is sliding back into recessionary territory in a third consecutive winter of economic discontent.The decision comes as even the Reserve Bank’s own new ‘NowCast’ indicator updated on Friday (see chart below) shows the economy contracted in the June quarter. Business surveys released in the last month from BusinessNZ, ANZ and NZIER all show businesses reporting activity fell in the June quarter, while consumer spending surveys also show an extension of a retail recession that has dragged on for more than three years.
So why hasn’t the economy continued on with the rebound seen in the March quarter? The Government portrayed the 0.8% rise in Q1 as the beginning of a recovery it has talked up since the start of the year. First, PM Christopher Luxon described 2025 as a year of ‘growth, growth, growth’ when he gave his State of the Nation address in January, and then Finance Minister Nicola Willis released her ‘no BS’ Budget for growth in May.
The problem is since then the Government itself has kept restricting construction investment in housing, hospitals and roads, as well pressing down on growth in operational spending.
The assumption was the housing market and business investment would step up to replace the Government as its sinking lid on spending growth pushed the size of Government down from over 34% of GDP to closer to 30% of GDP over the next couple of years. The trouble is that isn’t happening because households continue to experience cost of living stresses, driven partly by the Government-administered increases in electricity, rates and other prices, and continued job losses and wage repression. Reserve Bank lending restrictions are also stopping rental property investors from borrowing more to kick-start the housing market. Buyers and sellers are also in a stand-off over valuations, given banks are not forcing most sales.
Businesses are also reluctant to spend, given a lack of demand from consumers. The most positive part of the economy is agricultural exports rising to record highs, but farmers are choosing to repay debt, rather than invest it or spend it.
NZWarriors.com
And you have to wonder, more corruption on the part of Seymour
View: https://bsky.app/profile/publicaddress.bsky.social/post/3ltfqyfjhkk2k
View: https://bsky.app/profile/publicaddress.bsky.social/post/3ltfqyfjhkk2k
The conspiracy anti vax world of the right - the witch hunt begins
www.rnz.co.nz
As it happened: First public hearings into New Zealand's Covid-19 response begin
The Royal Commission of Inquiry into the pandemic is focusing on eveyday people's views on lockdowns and vaccines.
www.rnz.co.nz
