One of the amusing aspects of the last three years has been the rise in real estate values and the chucklesome perceptions which have arisen by so many folk as to how much their house is worth. But could the dam finally be starting to crack? In the nearby town
David Seymour ACT Party Leader Today’s Food Price Index results show that Labour’s economic mismanagement is continuing to have a corrosive effect on the holiday period. As well as paying inflated prices for Christmas presents, Kiwis are coughing up more to throw a summer BBQ. For the year
Simon Angelo wealthmorning.com Wealth Morning is New Zealand’s largest independent publisher of specialist financial research. We are focused on covering critical issues that directly impact financial and economic health. Nice work, Reserve Bank of New Zealand. You lowered the OCR to 25 basis points during Covid. People could
The term “late capitalism” seems to be everywhere as a trending meme – often used as a kind of shorthand to illustrate the absurdities of certain free market economies. […] For Marx, an acceleration in the turnover of capital, concentrating wealth in the hands of the few, would result in a continuous
According to the inflation calculator on the Reserve Bank website, the $1 on “decimal currency day” in 1967 is now $20.85. To put that another way, our currency has been devalued by 95% since its creation a mere 55 years ago, causing huge damage to our economy and nation
Vijay Raj Jayaraj cfact.org Vijay Jayaraj is a research associate at the CO2 Coalition, Arlington, VA and a contributor to CFACT. He holds a master’s degree in environmental sciences from the University of East Anglia, UK and resides in India. Imagine the entire US plunging into abject poverty.
Capitalist On my 16th birthday I walked out of school at 3:30pm and never went back; for all I know I am still enrolled there. The next day, having lined a few things up beforehand, I commenced an oddball ‘cottage industry’ around various farms of undertaking a series of
Don Brash The last time inflation was over 7 per cent was more than 30 years ago, and I was responsible for doing what Adrian Orr, the current Governor of the Reserve Bank, is trying to do now: get inflation back to the target mandated by the Minister of Finance,
Alex Klaushofer mercatornet.com Alex Klaushofer is an author and journalist who has written extensively on social affairs, religion and politics in Britain and the Middle East. She writes on Substack at Ways of Seeing. More by Alex Klaushofer As the internet becomes ever more crucial to day-to-day life, the
The Doctor What could be worse than central bank incompetence? Central Bank Digital Currencies. Seventy-five basis points. Wow! The biggest increase ever in New Zealand. Gosh. Four-point-two-five per cent. No way! That Reserve Bank of New Zealand sure is tough on inflation. Or is it? If the cure for inflation
Bryce Edwards Victoria University of Wellington – Te Herenga Waka democracyproject.nz Dr Bryce Edwards is Political Analyst in Residence at Victoria University of Wellington. He is the director of the Democracy Project. Will the looming economic recession kill off Labour’s re-election chances? Is the Reserve Bank making things worse?
David Wojick cfact.org David Wojick, Ph.D. is an independent analyst working at the intersection of science, technology and policy. Wanting ever more money and getting very little, the UN climate agenda is now calling for the global financial system to bend to its will. I am not making
Gee, I’m angry. I can’t tell you how angry I am. The OCR hit a 14-year high today, with banks advising that approximately 60% of fixed mortgages will be coming up for renewal in the next 9 months – many of those over the summer. Thankfully, I don’t
Yesterday the Reserve Bank Governor, Adrian Orr, shattered Kiwis’ Christmas dreams delivering a massive 75 basis point jump in the OCR, to 4.25 per cent. That is the highest rate since 2008. The news is bleak: The Reserve Bank has delivered a jumbo-sized interest rate rise of 75 basis
Josh Stylman brownstone.org Josh Stylman, a former tech entrepreneur, co-founder Threes Brewing in Brooklyn, New York. It’s seemed evident for a while that the current fiat monetary system is, at best, unstable. At worst, it’s a Ponzi scheme whose time has expired. If that’s the case,
