The Economy

Started by Shareguy, Jul 25, 2023, 09:23 AM

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Waltzing

China from an economic view... other views on the internet from historic perspective paint the picture as more complex involving Destinies of the CCP taking back control from private industry...

therefore no matter what China should do the CPP cant afford to lose control to private industry...

https://www.interest.co.nz/economy/129877/david-mahon-argues-chinese-government-needs-act-boldly-and-invest-its-people-and

Ferg

Quote from: Waltzing on Sep 07, 2024, 12:14 PMNational also enforced widespread staffing cuts in the public sector to save money,
Remind me....how much did public sector staffing numbers increase under the previous administration?  And the inherited Government surplus turned into how much of a deficit over those 6 years?  Funny how Mr Eaqub and Mr Butts don't talk about that...

Waltzing

It was a JOKE!

yes they replaced whole departments with AI and a dummy seated at the front door.....

They cant replace to many people its VOTES...

https://www.interest.co.nz/economy/130026/westpac-economists-have-changed-their-forecast-and-now-pick-reserve-bank-cut

Waltzing

The problem with the lovely left is they dont study how to count.

And for 60 years the people who did do the accounting in the country did it only in simple one dimension.

Simula created in the 1960's in the Nordic country's allowed complex modelling on computers for many sectors of the economies.

That power was used to kick start technology that powered them for decades to come.

The flightless kiwi is now well and truly grounded...

https://www.nzherald.co.nz/business/economy/watch-live-govt-books-in-worse-shape-than-expected-ministers-face-question-time-grilling/FGHTVEZIXNF6JMDHWATZ2M3FGY/


They just cant count let alone in more than one dimension.


Waltzing

If you have received the latest tax payer letters you will know that they visited the local government minister last week.

and the New government is fast at work trying to reform local government accounting reporting . 

"Giving elected officials the ability to require information from council CEOs and officials. It is difficult to expect good governance when, unlike company directors, local councillors do not currently have statutory rights to demand information from the organisations they are supposed to be governing."

while there is lots of scope for economy improvement it appears NZ is in need a major economic reforms in public and private sectors..



Waltzing

oil just went 3.5 % up.. there will be some downward pressures on the market.

Waltzing

Policymakers ought to have a greater focus on "growing the economic pie", said Bloxham, and this requires a bold reform agenda and private sector support.

well its time people to see the light... after decades of hearing this stuff from wellington is it time to leave... again... of course it is as the war in europe will be wound down one way or another as Trump a Chump seems to have changed his mind about Ukraine. He now wants it as a debtor to the US and will likely take over its economy...

here in NZ its economy has finally come to a cross roads and with few natural resources except water and grass, some fish and trees... its output is limited...

tourism was the big one after the GFC.. what is the big one this time.. and the finance minister is a lawyer... go figure...

and the PM who is a CEO who seems to be lacking in Trumps bold leadership.. well who knows where it will take us all..

https://www.nzherald.co.nz/business/economy/new-zealand-economy-took-developed-worlds-biggest-hit-in-2024-hsbc/7VXRYHUWAVC3ZCYRE6KSYH5YSE/

BlackPeter

#143
Quote from: Waltzing on Jan 25, 2025, 09:37 AMPolicymakers ought to have a greater focus on "growing the economic pie", said Bloxham, and this requires a bold reform agenda and private sector support.

well its time people to see the light... after decades of hearing this stuff from wellington is it time to leave... again... of course it is as the war in europe will be wound down one way or another as Trump a Chump seems to have changed his mind about Ukraine. He now wants it as a debtor to the US and will likely take over its economy...

here in NZ its economy has finally come to a cross roads and with few natural resources except water and grass, some fish and trees... its output is limited...

tourism was the big one after the GFC.. what is the big one this time.. and the finance minister is a lawyer... go figure...

and the PM who is a CEO who seems to be lacking in Trumps bold leadership.. well who knows where it will take us all..

https://www.nzherald.co.nz/business/economy/new-zealand-economy-took-developed-worlds-biggest-hit-in-2024-hsbc/7VXRYHUWAVC3ZCYRE6KSYH5YSE/

Not sure whether lack of resources is our problem. We do have more natural resources than Switzerland - and look where they are economically as well as culturally compared to us.
 
I don't think its lack of talent either. We do have plenty of gifted individuals who can operate in the top league of their peers, no matter whether we talk sport, science, politics or doing business.

What we are lacking is focus on what's important. I never managed to understand why we knight or dame people for playing golf (no matter how proficient), for playing rugby, for running some funny looking vessel they still call boat, or for having done a more or less mediocre job as PM or any other job they have been paid for to do anyway.

What we don't do is rewarding the qualities we need to excel as a country. We don't encourage and reward people to be outstanding in maths, science, engineering and medicine and we force our greatest talents in these areas to go somewhere else if they want to do what they love.

That's what we need to change - focus on teaching skills which are marketable and important for our society rather than focus on individual vain, and give these people afterwards a chance to work on their achieved level in New Zealand.

I would love to see the day when we reward the best brains for doing what they do best instead of the people who happened to be the best in transporting large eggs sized balls around a sport field, hitting a small plastic ball into a distant hole or just for doing something somebody had to do anyway.

Waltzing

well done you have highlighted the problem and good luck with changing that....

its built in to the KIWI mind set... and here we have security cover the whole area to catch it and catch it it does....

we even have PHD student doing the interviews of the locals in a white suit and clipboard! ... only joking.. the PHD mind control student from Sir Lanka refuses to talk to the white locals...

she says the average KIWI male is beyond her studies scope...


Waltzing

time to move on to world markets ...

as T tries to usher in a new economy lets turn our attention to China as it one NZ's biggest trading partners..

biggest?

https://www.youtube.com/watch?v=ascPhiXcpss

Waltzing

RBNZ has the inside track on the FED....

and they spent up well.. could they have done the same with some ZOOM meetings with people scheduled more than once a month?

https://www.taxpayers.org.nz/taxpayers_32k_orr_deal_as_rbnz_governor_jets_off_in_luxury

BlackPeter

Quote from: Waltzing on Jan 31, 2025, 11:55 AMRBNZ has the inside track on the FED....

and they spent up well.. could they have done the same with some ZOOM meetings with people scheduled more than once a month?

https://www.taxpayers.org.nz/taxpayers_32k_orr_deal_as_rbnz_governor_jets_off_in_luxury

Quote"Hopefully the Governor's $14,025 business-class flights left him well-rested. If not, spending $972 per night on his hotel surely did."

"Seeing as RBNZ now has more than two and a half times more staff than it did in June 2018, let's hope the rest of the bank's employees show a bit more spending restraint than their head honcho."

Ouch. Pretty disgusting to watch another of our so called leaders to ask people to do what he says (tighten the belt) but not as he does (wasting tax payer money).

Pity our government has not even the balls to get rid of him. This would save some money, wouldn't it?

Waltzing

YES and can they can give him the money tree paintings that maybe hang in the halls outside his office or inside... the one of the tree... the myth...

all for the rights of local peoples but RBNZ needs to stick to the maths...

 

Waltzing

we have no idea how to get the economy going and we cant cut tax rates since we broke...

ok lets in the money people... but wait...

arnt there other places they can go and we welcome... without having to do a course in how to say hello using the local language...

https://www.nzherald.co.nz/nz/politics/pm-christopher-luxon-to-announce-another-economic-growth-themed-policy-in-auckland/VA7SZ74WEJCGRFUTHVJVGCQE3U/