Tag Archives: GDP

NZ Economy —if you’re not Treasury

Either an interest rate hike or rising unemployment, together with falling migration, would spell “the end of the party”….
Due to the Reserve Bank putting restrictions on lending and other measures, the underlying economy was in good shape to withstand “a shock”. –Dominick Stephens, Westpac Chief Economist

### radionz.co.nz Fri, 10 June 2016
Nine to Noon with Kathryn Ryan
The risks of rising household debt
9:08 AM. NZ household debt has reached half a trillion dollars. That’s $100,000 of housing and personal debt for every man, woman and child. Nine to Noon speaks to Westpac Chief Economist, Dominick Stephens and Massey University’s Dr Jeff Stangl about the risks that poses to the economy. Link
Audio | Download: Ogg MP3 (30′19″)

****

### radionz.co.nz Sat, 11 Jun 2016 at 12:15 pm
RNZ News
Tough times coming as debt soars, warns economist
Record high household debt levels are not sustainable, warns a leading bank economist. At half a trillion dollars, housing and personal debt has hit 162 percent of the average household’s annual disposable income – higher than levels before the global financial crisis.
Westpac Chief Economist Dominick Stephens told Nine to Noon the decline in dairy prices was hurting the regions, but the downturn following the end of the Canterbury rebuild would be more severe than most people were prepared for. The rebuild played a huge role in the “rock star economy” between 2012 and 2014, with the international reinsurance industry dropping $20 billion on New Zealand and the government pumping in another $10b. As that money dried up, some business owners could find their businesses were not as robust as they thought, Mr Stephens said. What was less certain was when the “borrow and spend” dynamic – fed by skyrocketing houseprices – would come to an end.
Read more

harrys_view 19 Jan 2016 Harry Harrison at South China Morning Post [scmp.com] 1Harry’s View 19 Jan 2016 [scmp.com]

Posted by Elizabeth Kerr

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Filed under Business, Democracy, Economics, Finance, Housing, Media, Name, New Zealand, People, Politics, Property, Public interest

Leadership woes universal #Minions #DUD

SUNDAY stretches, not mud tanks

Dolifun37 Published on Jan 17, 2015
Uptown funk (Minions Voice)
Music: “Uptown Funk” by Mark Ronson feat. Bruno Mars (Google Play • iTunes)

Minions are small, yellow, pill-shaped creatures who have existed since the beginning of time, evolving from single-celled organisms into beings who exist only to serve history’s most villainous masters. They find great masters—including a T. Rex, a caveman, an Egyptian pharaoh, Dracula, and Napoleon —but after accidentally killing nearly all of them with their incompetence, they decide to isolate themselves from the world and start a new life in Antarctica. By 1968, the lack of a master drives them into depression, so one minion—Kevin—plans to find a new master.

Minions is a 2015 American 3D computer-animated family comedy film, and a prequel/spin-off to the Despicable Me franchise. Produced by Illumination Entertainment for Universal Pictures, it was directed by Pierre Coffin and Kyle Balda, written by Brian Lynch, and produced by Chris Meledandri and Janet Healy. The film stars Coffin (as the Minions), Sandra Bullock, Jon Hamm, Michael Keaton, Allison Janney, Steve Coogan, and narrated by Geoffrey Rush. It was first foreshadowed in the end credits of Despicable Me 2, where Stuart, Kevin, and Bob, three of the Minions, are seen auditioning for the film.

Minions premiered on June 11, 2015, in London, and was released in the United States on July 10, 2015. Despite mixed reviews, the film has grossed over $655 million worldwide.

[recognise anyone ?]
[repetition of DCC brainstorms and central city project “VIBES”]

#DUD Singalong
Mark Ronson Lyrics: “Uptown Funk” (feat. Bruno Mars)

Doh
Doh doh doh, doh doh doh, doh doh
Doh doh doh, doh doh doh, doh doh
Doh doh doh, doh doh doh, doh doh
Doh doh doh, doh duh (Aaaaaaow!)

This hit
That ice cold
Michelle Pfeiffer
That white gold
This one, for them hood girls
Them good girls
Straight masterpieces
Stylin’, while in
Livin’ it up in the city
Got Chucks on with Saint Laurent
Gotta kiss myself I’m so pretty

I’m too hot (hot damn)
Called a police and a fireman
I’m too hot (hot damn)
Make a dragon wanna retire, man
I’m too hot (hot damn)
Say my name you know who I am
I’m too hot (hot damn)
Am I bad ’bout that money
Break it down

Girls hit your hallelujah (whoo)
Girls hit your hallelujah (whoo)
Girls hit your hallelujah (whoo)
‘Cause Uptown Funk gon’ give it to you
‘Cause Uptown Funk gon’ give it to you
‘Cause Uptown Funk gon’ give it to you
Saturday night and we’re in the spot
Don’t believe me, just watch (Come on)

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Hey, hey, hey, oh!

Stop
Wait a minute
Fill my cup put some liquor in it
Take a sip, sign a check
Julio! Get the stretch!
Ride to Harlem, Hollywood, Jackson, Mississippi
If we show up, we gonna show out
Smoother than a fresh jar o’ Skippy

I’m too hot (hot damn)
Called a police and a fireman
I’m too hot (hot damn)
Make a dragon wanna retire, man
I’m too hot (hot damn) {hot damn}
Bitch, say my name you know who I am
I’m too hot (hot damn)
Am I bad ’bout that money
Break it down

Girls hit your hallelujah (whoo)
Girls hit your hallelujah (whoo)
Girls hit your hallelujah (whoo)
‘Cause Uptown Funk gon’ give it to you
‘Cause Uptown Funk gon’ give it to you
‘Cause Uptown Funk gon’ give it to you
Saturday night and we’re in the spot
Don’t believe me, just watch (come on)

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Hey, hey, hey, oh!

Before we leave
Let me tell y’all a lil’ something
Uptown Funk you up, Uptown Funk you up
Uptown Funk you up, Uptown Funk you up, uh
I said Uptown Funk you up, Uptown Funk you up
Uptown Funk you up, Uptown Funk you up

Come on, dance
Jump on it
If you sexy then flaunt it
If you freaky then own it
Don’t brag about it, come show me
Come on, dance
Jump on it
If you sexy then flaunt it
Well it’s Saturday night and we’re in the spot
Don’t believe me, just watch (come on)

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch

Doh
Doh doh doh, doh doh doh, doh doh (Hah!)

Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Don’t believe me, just watch
Hey, hey, hey, oh!

Uptown Funk you up, Uptown Funk you up (say whaa?!)
Uptown Funk you up, Uptown Funk you up
Uptown Funk you up, Uptown Funk you up (say whaa?!)
Uptown Funk you up, Uptown Funk you up
Uptown Funk you up, Uptown Funk you up (say whaa?!)
Uptown Funk you up, Uptown Funk you up
Uptown Funk you up, Uptown Funk you up (say whaa?!)
Uptown Funk you up
Aaaaaaow!

‘Stadium, Cycleways and Ferries’ Cull ?

TheSlowCheese Published on May 2, 2014
Spongebob “Turn down for what”
Music: “Turn Down for What” by DJ Snake, Lil Jon (Google Play • iTunes)

Douglas Field Published on Jul 27, 2015
Castle Street spoof 25 7 15
A spoof commenting on some local body political obsession with reducing the use of motor vehicles to ‘save the planet’.

Posted by Elizabeth Kerr

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Filed under Business, DCC, Economics, Enterprise Dunedin, People, Politics, Project management

Warning! NZ disposable income down

Link received Mon, 6 Apr 2015 at 1:00 p.m.

█ Message: Wouldn’t read this in local media !!!

### marketoracle.co.uk Apr 05, 2015 – 01:28 PM GMT
Economics / Asian Economies
New Zealand Economy – There’s Trouble Brewing In Middle Earth
By Raul I Meijer
For the second time in three years, I’m fortunate enough to spend some time in New Zealand (or Aotearoa). In 2012, it was all mostly a pretty crazy touring schedule, but this time is a bit quieter. Still get to meet tons of people though, in between the relentless Automatic Earth publishing schedule. And of course people want to ask, once they know what I do, how I think their country is doing.
My answer is I think New Zealand is much better off than most other countries, but not because they’re presently richer (disappointing for many). They’re better off because of the potential here. Which isn’t being used much at all right now. In fact, New Zealand does about everything wrong on a political and macro-economic scale. […] I’ve been going through some numbers today, and lots of articles, and I think I have an idea what’s going on. Thank you to my new best friend Grant here in Northland (is it Kerikeri or Kaikohe?) for providing much of the reading material and the initial spark.
To begin with, official government data. We love those, don’t we, wherever we turn our inquisitive heads. Because no government would ever not be fully open and truthful.

This is from Stuff.co.nz, March 19 2015:
New Zealand GDP grew 3.3% last year

New Zealand’s economy grew 3.3% last year, the fastest since 2007 before the global financial crisis, Statistics NZ said. Most forecasts expect the economy to keep growing this year and next, although slightly more slowly than in the past year. For the three months ended December 31, GDP grew 0.8%, in line with Reserve Bank and other forecasts. That was led by shop sales and accommodation. That sounds great compared to most other nations. But then we find out where the alleged growth has come from (I say alleged because other data cast a serious doubt on the ‘official’ numbers) […] while the economy ostensibly grew by 3.3%, disposable income was down. That’s what you call a warning sign.

….Meijer’s commentary continues in reference to recent New Zealand news stories:

Stuff: Dairy Slump Hits New Zealand Exports To China
Radio NZ: Export Drop Rattles Companies
NZ Herald: World Dairy Prices Slide 10.8% On Supply Concerns
Radio NZ: World ‘Awash With Milk’
NZ Herald: Stress Too Much For Farmers
NZ Herald: Hot Properties: Auckland Valuations Out Of Date Within Months

He ends by citing NZ Herald: New Zealand’s Economic Winds Of Change:

Chaos theory calls it the butterfly effect. It’s the idea that a butterfly flapping its wings in the Amazon could cause a tornado in Texas. The New Zealand economy has plenty of its own butterflies changing the weather for GDP growth, jobs, interest rates, inflation and house prices. [..] One of the flappiest at the moment is the global iron ore price. It’s barely noticed here but it’s an indicator of growing trouble inside our largest trading partner, China, and it is knocking our second-largest partner, Australia, for six. It fell to a 10-year low of almost US$50 a tonne this week and is down from a peak of more than US$170 a tonne in early 2011.
[…] President Xi has reinforced the contrasting effects of the changes in China on Australia and New Zealand by encouraging consumers and investors to spend more of China’s big trade surpluses overseas. Tourism from China was up 40% in the first two months of this year from a year ago, and there remains plenty of demand from investors in China for New Zealand assets.
The dark side of this tornado in New Zealand after the flapping of the butterfly’s wings in China was felt in Nelson this week. The region’s biggest logging trucking firm, Waimea Contract Carriers, was put into voluntary administration owing $14m, partly because of a slump in log exports to China in the past six months.
That’s because New Zealand’s logs are now mostly shipped to China to be timber boxing for the concrete being poured in its new “ghost” cities. The Chinese iron ore butterfly has flapped and now we’re seeing Gold Coast winter breaks become cheaper and logging contracts rarer.

Read full article

Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

Posted by Elizabeth Kerr

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Idealog: R&D and innovation

“Kids are missing out in New Zealand because there’s no connect between the education system and a vision for where we’re going to grow our economy.” -Sir Paul Callaghan

### idealog.co.nz 18 October 2011 at 3:36 pm
Let’s end the flip-flopping on R&D
By Sarah Robson
What do Rakon, Fisher & Paykel Healthcare, Tait Electronics, Gallagher Group and Weta Digital have in common? Aside from being successful and enjoying a high profile in business, they’re also the benefactors of the government’s first round of technology development grants, announced late last year. (A second round was awarded in August, with recipients including accounting startup darling Xero.) National pulled no punches in scrapping the Labour government’s all-encompassing R&D tax credit in favour of a targeted, grant-based approach. It’s not a given – businesses have to apply for a slice of the funding pie along with every other man and his dog, and there are no guarantees. But it’s time for government to stop flip-flopping on the issue. Cuts to government spending aren’t going to lift New Zealand out of the economic doldrums. Investment in R&D just might.

Prominent scientist and New Zealander of the Year Sir Paul Callaghan believes New Zealand needs to diversify its economy if its goal is to expand GDP per capita, and start selling ‘brain content’. That means you’re selling products where the manufacturing costs aren’t the main costs of the products – it’s the R&D content.

Read more

Related Posts and Comments:
24.9.11 Idealog: Paul Callaghan’s business plan for New Zealand
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Posted by Elizabeth Kerr

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