The Economy

[Shareguy]

Actually - a healthy shock might be the best what could happen to us. Better to have now bad numbers and somebody waking up Orr from his slumber, rather than waiting another 12 months until the economy is dead indeed.
 
August OCR meeting - roll on ;

Yes I'm picking November at the latest.

[Waltzing]

did it go far enough... time for another round after all they havnt lowered the head count in wellington by much ....
 
and the golden handshakes are there for the taking...  had the inside chat messages on one recently.. nothing to see here honestly..

https://www.interest.co.nz/public-policy/128723/nation-reinvented-40-years-its-1984-victory-fourth-labour-government-still

[Waltzing]

only a matter of time... the telsa model maybe testing something shortly ... more to read on this...

https://edition.cnn.com/2024/07/18/cars/china-baidu-apollo-go-robotaxi-anxiety-intl-hnk/index.html

no rice...

needs to be able to carry a surf board and still function....

[Waltzing]

https://www.interest.co.nz/public-policy/128793/we-await-start-cuts-official-cash-rate-david-hargreaves-questions-what-damage

[Waltzing]

Economics of flying in Russia ... they no longer use the breaks!!!! 

https://www.youtube.com/watch?v=ShuyKokbJ6w

[Waltzing]

wondered why those comp props are well bid at the moment and this might be why

https://www.interest.co.nz/economy/129057/david-hargreaves-previews-forthcoming-ocr-review-which-all-attention-revolves-around

[Waltzing]

ok inflation expectations back to normal?

https://www.cnbc.com/2024/08/12/three-year-inflation-outlook-hits-record-low-in-new-york-fed-consumer-survey.html

[Waltzing]

higher unemployment to come... darkest hour ...

https://www.interest.co.nz/economy/129187/reserve-bank-has-started-long-awaited-interest-rate-cuts-says-pace-further-cuts-will

[Waltzing]

more of  "its a stuff up "

https://www.nzherald.co.nz/nz/official-cash-rate-cut-reserve-bank-surprises-pundits-with-decision/VRCLEAHARJDORFGI7X77GMCOIE/

heads will roll?

off with there heads ....

[BlackPeter]

more of  "its a stuff up "

https://www.nzherald.co.nz/nz/official-cash-rate-cut-reserve-bank-surprises-pundits-with-decision/VRCLEAHARJDORFGI7X77GMCOIE/

heads will roll?

off with there heads ....

Well, if I watch a car race I don't judge the driver on whether he correctly was able to predict one round ahead in which way he will adjust the steering, I do judge him on whether he keeps the car on the course and whether he wins.

So - lets not listen to a bunch of absolutely useless economists whether RNZ correctly predicted what they will do in an at that time to everybody unknown future, but lets see how the manoeuvre plays out, shall we?

Lets face it - all economists are useless as far as predictions of the future are concerned (same as everybody else), but Olsen is not even entertaining.

[Waltzing]

No other country was thinking a rate cut in late 2025...

Year NAH... its worse than off with there heads.... close the departments and give it to AI....

will there even be car racing in the future..

[Waltzing]

off with there heads after this response from the .... what ever he is called...

the guy who put him there is now in the deep south... comrades my comrades im with you!!!

https://www.interest.co.nz/economy/129231/rbnz-governor-adrian-orr-rejects-u-turn-label-parliament-committee-suggests-lower

[Waltzing]

Yup , close it down .. AI it ...

save the tax payer a load of money ... privatise all public sector and list it all on the stock market..

https://www.interest.co.nz/economy/129184/david-hargreaves-says-it-might-be-everyones-best-interests-if-reserve-bank-finds

[Waltzing]

US jobs data revised 800 T down... fed chair about to speakie ...

wonder if US is going to cut 50 ?

[Waltzing]

well ...

"The nation's political pendulum swung right last October, when the most conservative government in decades got elected into power.

The center-right National Party reversed the progressive policies implemented by Ardern's Labour government that earned the country significant social cachet among liberals around the world.

National also enforced widespread staffing cuts in the public sector to save money, as well as made reductions in capital expenditure and investment in the private sector.

"We are in austerity, and as a result, the economy has been hit pretty hard," Eaqub said."

well according to some they merely changed some numbers ... but really not much of a change in staffing?

https://www.cnbc.com/2024/09/06/economic-refugees-flee-from-new-zealand-as-cost-of-living-crisis-deepens.html