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Editors choice comments
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#6 - John Key's government is hostile toward academics with dissenting opinions - simple as that - they have sent a clear message: 'do not bite the hand that feeds you'. Look at Mike Joy's (Massey University College of Sciences) treatment. John Key stated blatently...Kate Wednesday's Top 10 with NZ Mint
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In my view it is a structural issue with the global Monetary system. The 2 main players that have taken advantage of this structural imbalance are USA and China. China has had an overt policy of subsidising its exporters by fixing its exchange rate and recycling its foriegn exchange earnings back...Roelof Wednesday's Top 10 with NZ Mint
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MORE INTERESTING FROM THE HLFS IS THE DEPOPULATION OF CANTERBURY. The HLFS (table 6) shows that Canterbury's working age population was down nearly 31,000 since the Feb quake or -6%. It also shows that the number of employment people in Canterbury is down 28,000 since the September quake...Chris_J Full time jobs fall 13,000 in Dec qtr
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@ Gerry Brownlee and Bob Parker, the source of your frustrations is about how to fund the rebuild of Christchurch - please see the article the link below: http://www.stuff.co.nz/the-press/opinion/5260027/Housing-on-the-state It describes how reserve bank credit was used to...Les Rudd 90 seconds at 9 am with BNZ
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People often overlook the power of distributed systems. The internet being a good example. Once upon a time there was "Big-Oil" now there is "Big-Power". Four years ago the Australian Federal Government introduced a subsidy of $8000 to encourage home-owners to install $12000 1kw...iconoclast 90 seconds at 9 am with BNZ
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Genesis are putting their prices up next month. The media and you guys totally missed it. At the current rate of electricity rises, will anybody be able to afford it in years to come. When I look at the kids these days, I am left wondering how the hell are they going to be able to afford anything...Ivan 90 seconds at 9 am with BNZ
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OH HULLO ,RAY SMITH HERE. REMEMBER ME MY HELICOPTER HAS BEEN REFUELED AND I AM TAKING OFF. BYE BYE FOR NOW.ngakonui gold 90 seconds at 9 am with BNZ
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This is where your argument of the zero sum game is appropriate. At some point the US would spend more oil trying to protect an oil interest that they have no real advantage controlling. They would they would be better off leaving quietly and hoping China is forced in there soon. There is a direct...Troy Wednesday's Top 10 with NZ Mint
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4. Can everyone (the inflationionistas) please admit they were wrong about inflation. 1. There will be no growth until the banksters take the losses. Period.geografree Tuesday's Top 10 with NZ Mint
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#3 I was the victim of a fraud. I was fleased of around $200,000.00-250,000.00 from a business I had before I had to sell it. He was found guilty on 28 charges amounting to just over $100,000.00. The police I thought did a great job. When they conducted the bust he was found with 50...Banksterbasher Tuesday's Top 10 with NZ Mint
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Please can we consider soil types when carving up green belts. New Zealand is surprisingly short of versatile soils, suitable for market gardening. Unless we want to import our produce from China, we really need to control which areas are developed. New Zealand can't replace the produce...Yoda A plan for Auckland's housing crisis
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Bernard, 1) how profitable would banks be without govt guarantees? 2) how profitable would they be without a housing and credit bubble SUPPORTED by govt tax policy 3) how much of their profits comes at the expense of hard working households requiring more and more of their income to service...jimmy squirrell Bank CEO defends bank profits
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Getting rid of third party appeals under the RMA would be a good start - let developers / planners get on with it without being held to the whim of neighbours. Sure, let neighbours have their say through the normal submission process, but get rid of third party appeals please! NZ only one of...Postman Pat A plan for Auckland's housing crisis
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"Thorburn said this week's €500 million, three-year covered bond issue to European institutional investors by BNZ was "quite expensive." He said BNZ is paying about 250 basis points above the bank bill rate for the money, with this price including the cost of converting the...Ted Bank CEO defends bank profits
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I get zero government money in the form of WFF or any other subsidies, just to be clear. I admit to some kiwi saver subsidy through the tax credit. Wish I had joined sooner to claw some more of my tax money back. On top of the rates I already pay on my house which are significant and the taxes on...JD Tax capital, not capital gains, says Gareth Morgan
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I just went to an auction. None met reserve. The highest bid on one house was $78,000. I don't see a seller's market where I live.SimonP Listings drop despite warmer market
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I agree that only Central Auckland is going well. At a family reunion last weekend my brother in law told me his beachfron property on Waiheke Island is even down in value from a couple of years ago. Go to the provincial cities such as Hamilton and New Plymouth and you will see their values are...ex agent Listings drop despite warmer market
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Mate just got a rental in a (probably) good spot on the fringe of one of the best wgtn suburbs.....it had been empty months....I suspect it will catch the southerly badly.....but the deal seemed pretty good. regardssteven Listings drop despite warmer market
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“We are, after all, a nation of accomplished spenders, slaves to advertising and status symbolism. The conspicuous fruits of our consumption shout out our aspirations and insecurities.” Juliet Schorprosperopink Listings drop despite warmer market
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Rents haven't gone up where I am. Quite the contrary. You get more house for your money than ever- nicer homes too. If there were so many buyers around, why am I making this personal observation? The Christchurch earthquake was a great bump for real estate in......HAPPY RENTER Listings drop despite warmer market
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Extrapolating past trends ad. infinitum. is not what we should do. That turkey on Thanksgiving Day never saw it coming.SimonP Listings drop despite warmer market
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Olly Newland has been 100% right all along. How much evidence do the nay-sayers and gloomsters need before they too admit that the market is simmering and will explode in an orgy of price rises and massive rent hikes in a very short time? Olly predicted months ago that rents would rise pushed by...BigDaddy Listings drop despite warmer market
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The Chorus site shows Rural BB coverage upgrades for the next year. http://www.chorus.co.nz/service-availability-tool This site shows the cabinets and exchanges that will be upgraded under the RBI and the year it is programmed to happen. It doesn't show the actual coverage but if you are within...Neville C Wednesday's Top 10 with NZ Mint
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Credit growth is the only game in town. I for one won't underestimate government capacity to keep the game in play for a while yet. Interest rates are going nowhere fast. Of course as wolly points out there is the unforseen.....splineman Floating mortgage share hits record 61%
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Problem is with fixing currently: the tempting rates are for 12 months - it may be riskier fixing now for 12 months with no flexibility to re-fix over the 12 months if rates start moving up. At least floating you can fix with a quick phone call - at most missing the first hike.... If you'...MortgageBelt Floating mortgage share hits record 61%