The Economy

[Waltzing]

Government to cut entities...

no no ....

how many ?


https://www.nzherald.co.nz/business/economy/public-service-commissioner-sir-brian-roche-considers-axing-government-entities/QGUNL5EPQZD6POOB6ANKQ6WVAE/

[Waltzing]

Will a trade war now cut NZ off from world trade markets and will green stuff get the dust bin as farmers in holland say no to more green costs in the EU...

the next 2 years till the MID terms is going to the long  2 years...

[BlackPeter]

Will a trade war now cut NZ off from world trade markets and will green stuff get the dust bin as farmers in holland say no to more green costs in the EU...

the next 2 years till the MID terms is going to the long  2 years...

Who knows, whether they will have still free and fair elections in two years?

[Waltzing]

No they wont have as apparently only Trump and AG can now decide what law in the US actually means...

The protests are starting in the states already.. imagine whole university camp shut down...

thousands a have apparently taken to the streets...

it might make the protests of the Vietnam war look kindergarten ..

remember this is the USA...

its not NZ... people dont protest here like they do in the US when things get going...

only the local natives protest here... they march and Haka they place..

well we havnt seen really big protest in the states for decades ...


 

[Waltzing]

and here it is... come on people what the heck?  is history going to show the last 5 years is a huge stuff up and not just the laborred government that could not count....

did the reserve bank sink the good ship NZ...

https://www.interest.co.nz/banking/132245/adrian-orrs-resignation-comes-reserve-bank-negotiates-funding-agreement-government

[Waltzing]

For those thinking that world economic growth will lift all boats maybe think again...

SP 500 looks like its rolling over and Jake Bro thinks its not looking good...well anyone following CNBC will be noticing that every time it rallies lately it then sells off...

[Waltzing]

NZ report from interest.co.nz

one of the best places to go to get a quick look at rates and costs..

https://www.interest.co.nz/economy/132261/us-labour-market-starts-show-weak-signs-us-trade-hits-unwanted-record-canada-shines

[Waltzing]

Well where is the money going to come from to fund the big increase in defense NZ will have to shoulder....

Close departments!!! lots of them... will the IWI object and want to revolt back to waka's ....

NZ under labour will TAX EVERYTHING!!!

https://edition.cnn.com/2025/03/06/asia/trump-china-warships-asia-pacific-analysis-hnk-intl/index.html

[Waltzing]

and this is why the country performs badly...

data in a spreadsheet to run a country ...


https://www.nzherald.co.nz/nz/significant-concerns-health-nz-was-using-a-single-excel-spreadsheet-to-track-28-billion-of-public-money/WADIE2J26JEDVCLXYL7HKTMNDE/

[Waltzing]

and here is another one of those billion dollar budget blow outs... or rather it got to roll out in ... somewhere in the south island where no one would notice it is a failure...

is this is result of the complete dumb ass's in wellington who are supposed to understand technology actually jst sitting on million dollar salaries and creating a nation going now where...

get a load of this one or was it auckland management that blew it....

https://www.taxpayers.org.nz/revealed_150m_ticket_to_nowhere_on_the_national_ticketing_system


oh wait phew its only 146 million of 1.3 billion....

boy they could create software to control a new generation of stealth fighter for that 1.3 billion....

[BlackPeter]

and here is another one of those billion dollar budget blow outs... or rather it got to roll out in ... somewhere in the south island where no one would notice it is a failure...

is this is result of the complete dumb ass's in wellington who are supposed to understand technology actually jst sitting on million dollar salaries and creating a nation going now where...

get a load of this one or was it auckland management that blew it....

https://www.taxpayers.org.nz/revealed_150m_ticket_to_nowhere_on_the_national_ticketing_system


oh wait phew its only 146 million of 1.3 billion....

boy they could create software to control a new generation of stealth fighter for that 1.3 billion....

True, we don't seem to have a good track record with big IT projects. Maybe they use too much no 8 wire instead of just copying from other countries what works.

Anybody been recently in Singapore? Their integrated ticketing system is amazing - and you can use it with any credit card to accurately determine and charge your per travel and per day costs. I am sure as well, it didn't cost a billion dollars either. But maybe its the Maori name, which makes our system so special and expensive?

[Waltzing]

yes im afraid you would be mad not to base your IT in places such as that...

back in the the 80's dutch engineers worked here on IT. Its how i got the start and was sent to Holland to scull boats, look at painting and see the centre of where capital markets started even if it included a few ponzi schemes...

Dutch engineers knew how to make stuff work linking up systems across the country using computers and phone lines...

amazing what they knew how to do.... today you have to use the internet to do that stuff... super fast but in those days they packed the data into tiny packets to speed it up....

maths i dont understand and never will...

[Shareguy]

The Economist discusses why New Zealanders are emigrating in record numbers – 129,000 kiwis left these shores last year (40% above the pre-pandemic average) resulting in a net loss of 47,000 citizens. Most Kiwi's are heading to Australia as they have a "free option" to live and work there .... 15% of the NZ population now live on the other side of the Tasman. Sadly, the famous Muldoon quote that kiwi expats to Australia "lift the IQ of both countries" no longer holds true ... the brain drain from NZ is real and Australia is the beneficiary. The John Key Governments aspiration was to "match Australia by 2025" yet we continue to go backwards and the joke in Wellington these days is that a more realistic goal may to "beat Fiji by 2050"....a fairly depressing article to read in the Economist (!)

[BlackPeter]

So much Red courtesy to Dumbs tariff war.

But hurrah - 

the Bear fonds (here Bear.AX - inverse to the ASX)

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as well as the weapons manufacturers (here ARMR.AX, a fond composed out of defence technology stocks)

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look pretty promising (BEAR passed the Golden Cross and ARMR never did fall under the MA50 since inception).

So far Dumb makes all the right moves to start WW3. Kill the economy (poor people make better soldiers), attack your friends, make sure your enemies are well positioned and last, not least - ensure there will be enough fuel to keep the war going.
   
Thanks Dumb!

[Waltzing]

oh dear...

does that mean these reports from the home front will be .....

the thing to whatch....TF hitting the country's exports...

https://www.nzherald.co.nz/nz/nz-red-meat-exports-hit-11b-in-february-driven-by-us-and-eu-markets/OX3FKKGRFVCBPJEQYAK5OU4QIY/