The NZ Economy

[Waltzing]

Gosh 50's !!!!  That could move the comp props.. ARG first shot up to 1.20 before a big pull back and now we are back to 1.20 ... could these stocks go to 1.40 over the next 12 months?

Now that would be startling - on wonders if the RBNZ is now running advanced models on an AI platform.

After all they have the staff to do it but do they have the data?

[Basil]

Could ARG go to $1.40 over the next 12 months? 
A. Yes!

[Waltzing]

is the economy being held back by a group in society who have created a city sky line of sky scrappers with paper alone? Has NZ actually shoot itself in the foot as hard working businesses been sold down the drain by a class of intellectuals that created the ultimate committee based society?

This from the Tax Payer union letter today..."New Zealand has 81 ministerial portfolios, 28 ministers, and 43 departments. That's three times as many portfolios and nearly twice as many departments as comparable countries."
 

[Shareguy]

If you had too much,(or worst still, all) of your investable capital in local assets you did yourself a Disservice this year says Mark Lister.

https://www.nzherald.co.nz/rotorua-daily-post/business/nz-economy-in-deep-per-capita-recession-as-investor-confidence-slumps/XWKJRNNUYFFLZIU7SQBG5FAJP4/

[Waltzing]

Im sure many investors on this forum took heed of the information and hold stock that are dual listed or have heavy exposure to other markets including Australia...

As far as AI goes it has a long way to go before it can understand language and AI is not robotics as AI will tell you. AI does not go by the laws of robotics and is basically not going to make NZ productive for the masses in its present state. Yes this last week AI added over 150 functions to the binding machine.. something that would maybe have cost a large number of man hours of programming. In certain industries AI will have an impact but it wont do the outdoor stuff that actually runs the country.

Sure it will help automation on the tractor and help you perhaps spray those orchards but it appears the wealthier NZ became the more money it spent on committees...

It can process documents and some stats and maybe it can replace the RBNZ..and replace some of those extra departments only NZ has...

Its as if NZ was a labour party socialist experiment... and clearly it failed...

[Waltzing]

Just how out of control was the RBNZ during this mans destructive tenor and was the whole COVID response to the shutdowns the biggest economic failure in New Zealand monetary policy history?

It could all have been handle maybe by the implementation of an Tax Account for covid payments at the Tax departments but because such a payments system did not exists for the country wide force majeure money was just poured out onto the streets resulting in the DOOM and BUST cycle right up there with all the major collapses in the economy since the second world war..

The Tax Computer software systems could not cope with recording the payments and therefore wellington and the government just went into panic mode.. and printed truck loads of money...

https://www.taxpayers.org.nz/rbnz_board_416k_for_adrian_orr

A restraint of TRADE payment? Just how corrupt is wellington!!!!!

[BlackPeter]

Just how out of control was the RBNZ during this mans destructive tenor and was the whole COVID response to the shutdowns the biggest economic failure in New Zealand monetary policy history?

It could all have been handle maybe by the implementation of an Tax Account for covid payments at the Tax departments but because such a payments system did not exists for the country wide force majeure money was just poured out onto the streets resulting in the DOOM and BUST cycle right up there with all the major collapses in the economy since the second world war..

The Tax Computer software systems could not cope with recording the payments and therefore wellington and the government just went into panic mode.. and printed truck loads of money...

https://www.taxpayers.org.nz/rbnz_board_416k_for_adrian_orr

A restraint of TRADE payment? Just how corrupt is wellington!!!!!

Hmm - I'd suspect that this was just part of his contract? No matter, whether he "deserves the payment" (looking backwards) - pacts need to be serviced.

So, what exactly should the board have done? If there are issues, than they are with the people who offered him the contract nearly a decade ago.

[Waltzing]

how on earth is a country to get ahead where the farmers out in the high country on horse back do the MAHI and these clowns just raid the piggy bank....

From the Tax Payer Union offices.

BREAKING: Former Reserve Bank Governor under gag clause as part of $416,000 golden handshake
and before we get into the newsletter proper, we've just had land on our desk a copy of the agreement signed between former Reserve Bank Governor Adrian Orr and the Reserve Bank.

On Monday we learned Orr has been paid a $416,120 'golden goodbye' on top of his $766,180 salary as part of what the Bank and Minister of Finance described as a "restraint of trade".

But taxpayers (and the media) smelled a rat. When have you ever heard of a restraint of trade applying to a civil servant? As we said at time time:

"Heads should roll over this – it's a $416,120 reward for failure,"

"Just what were they worried about? Orr is so disgraced that the only Reserve Bank he could take over is in the third world. Heck, we should have been paying others to take him away!"

"Similarly, the idea a commercial bank would touch Orr is ridiculous. It was the commercial banks quietly telling people about Orr's outrageous behaviour in yelling at executives."

"I have never heard of a 'restraint of trade' in the public service. It's a golden parachute."

The idea the payment was about keeping confidences was also ridiculous: all Reserve Bank staff are already covered by a comprehensive non-disclosure agreement applicable to commercially sensitive information.

An hour ago, thanks to our friends at Newsroom.co.nz, we have a copy of the full agreement, and our suspicions were proved correct.

It isn't a 'restraint of trade' at all. It's a gag agreement!

And it isn't about prohibiting Orr from disclosing secrets, it's literally about prohibiting Orr from criticising the Reserve Bank, the Government, and even the Minister of Finance!

You can read the document for yourself here.

Here is the statement I've just issued to the media. It speaks for itself:

MEDIA RELEASE

The Taxpayers' Union is slamming the news that disgraced former Reserve Bank Governor, Adrian Orr, is subject to a gagging clause applicable to not just the Bank, but the Government and Minister of Finance. Taxpayers' Union spokesman, Jordan Williams, said:

"The document obtained by Newsroom and shared with the Taxpayers' Union demonstrates how false the claims about the $416,000 so-called 'restraint of trade' really are. This is a classic gag agreement - designed to protect the reputations of the elite and shun public scrutiny."

"Taxpayers' money should be not be used to buy the silence of a disgraced former public servant. Nor should someone who, apparently, resigned be given a 'golden goodbye' for agreeing to keep their mouth shut."

"Unless the Reserve Bank - and the Minister - waive the requirements on Mr Orr not to speak, it makes a mockery of public assurances of transparency."

The Reserve Bank is one of New Zealand's most important public institutions. It's snubs to transparency, accountability, and focusing on keeping inflation low have cost New Zealand dearly.

[Waltzing]

Port Traffic Report New Zealand By AI.

https://claude.ai/public/artifacts/5b49d649-4828-4715-a4e1-398b84c472a8

[Waltzing]

AI report NZX stock for the 2026 recovery (if its happens).

https://claude.ai/public/artifacts/0678324a-0c81-48b8-883a-9e9d94758d9e

This has some junkie stuff  recommends (AIR) for Tourism... right well its prior report on AIR was ... not so great...

[Waltzing]

Thought winston did a reasonable interview recently where he did not sound like he was ready for the RV yet...

Here is again going into bat... did he look up the figures and facts or does he have a memory that is endless...

https://www.nzherald.co.nz/business/fonterra-hits-back-after-winston-peters-questions-42b-mainland-sale-plan/ZIWWOXINU5D5NDHUGRPVZBRPNI/

[KW]

A restraint of TRADE payment? Just how corrupt is wellington!!!!!

Extremely.  Each Party appoints their mates into high places, overpays them, dishes out taxpayer money like its lollies at a Christmas party.  Unlike the private sector, there are no checks and balances on executive pay and contracts.  There should be an independent non-Govt entity that has to approve public sector remuneration contracts, like a company Board. 

And what kind of banana republic puts gag orders on public servants?  Govt should be open and transparent.  How else is it to be held accountable?  How else is history to be documented?  How else do we analyse what went wrong, and why, and make plans so that we don't do it again?  Its like the Covid enquiry, everyone in possession of the information refused to testify because they just want to bury the past and pretend it never happened.  Which pretty much guarantees that it will happen again, only next time will be worse.

[snapiti]

I work part time in a nation wide retail company, trading has been very tuff.
With a newish CEO in place I always new things would be shaken up a bit.
However what I learned is how mischievous one years books can be manipulated late in the trading year to make a company perform better on paper.
Example massive orders went out, in the last couple of months of the financial year, to 3 of our largest suppliers to insure rebates were secured.
I know for our store we are now sitting on up to 6 months worth of stock on these items.
Also adjustments upwards to the holding value of 2 of our major in stock lines were made.
Certainly has been an eye opener on how corporates can smudge things prior to year end 

[Waltzing]

AI did suggest that the NZ export sector  was the positive one with shipping data up...

https://www.nzherald.co.nz/business/companies/agribusiness/apple-grower-scales-upgrades-forecasts-despite-uncertainties/KCJZKN3FXJG6NOH2JZFCLZMU2E/

[Waltzing]

OK QE - does not cause inflation... those of you who believed the US FED back in 2020-2022 that inflation was temp - will be happy to know that your investing theory you banked on that 2020 would be like 2008 are going to be happy...

and the reserve bank is BACKING you up!!!  Thats right money printing did not cause inflation to spike...

NOTHING TO SEE HERE!!!!  MOVE ON PLEASE... and take your medicine .... drink up!!!!


https://www.nzherald.co.nz/business/personal-finance/interest-rates/reserve-bank-money-printing-didnt-cause-inflation-to-soar-11-billion-cost-to-the-crown-was-offset-by-benefits/HCDSHMJVQNGCTKCV6IKWUY3RUM/

TAKE THAT !!! you economic ignorant investors !!!  -  NO and house prices did not spike on zero interest rates!!!

NO THOSE GRAPHS of CV are all FAKE!!! They are AI generated FAKE charts from North K!!, China and the KGB!!!