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Bernard Hickey's picture

Bernard is a senior contributing editor of interest.co.nz. Until September 30, 2012 he was the managing editor. He worked for 18 years for Reuters, the FT Group and Fairfax as a financial journalist and editor. He is now the publisher of Hive News.
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Articles by Bernard Hickey


Key over-rules authority on MPs' pay

Updated
Cabinet decides to change law for Remuneration Authority to ensure future pay increases for MPs are in line with rest of public sector; Solid Energy in 'delicate' talks with banks

An inbuilt bias

Bernard Hickey cites new research showing that bank leverage for mortgage lending has increased dramatically since new Basel rules in 1989

Govt to ramp up Tamaki re-development

Updated
English says Govt working on plans to fund acceleration of redevelopment of Tamaki to build 5,000 new houses over a decade

Bernard's Top 10

Is China landing hard? How the young languish while the old benefit; Winston wants expanded Waiheke Gold Card subsidy; Water wars; Dilbert

The mortgage times they are a changin'

Bernard Hickey challenges the near universal belief (in NZ at least) that a 10yr mortgage at 5.89% is as good as it gets & is a good thing  

Budget deficit better than forecast

Updated
Treasury reports budget deficit of NZ$1.0 bln was NZ$381 mln better than forecast on higher GST and corporate tax receipts; English hopeful of surplus

Bridges warns oil profits too high

Updated
Minister warned oil majors about high profit margins in early Feb; says margins have now fallen back to 'acceptable' levels; but says has options if margins rebound

Bernard's Top 10

House prices fall 5.1% in China; Corporate bond bubble; 'Shut your eyes and buy'; Deflation drumming the rate hike hawks into submission; Clarke and Dawe; Dilbert

How to think about how long to fix

Bernard Hickey looks at how to think about whether to fix or float, how long to fix, and what the Reserve Bank may do about house prices

A hydro-powered car

Bernard Hickey test drives a plug-in hybrid electric SUV and finds even a new one almost makes economic sense. A 2nd hand one definitely would.

English against new convention centre cash

Finance Minister prefers not to spend taxpayer cash on flashier Sky City centre; says no money in Budget 2015 for it; says would have to come from elsewhere

Bernard's Top 10 at 10

How Big Brother is credit scoring you; World more indebted than 2007 and China leads the way; Aetna copies Henry Ford; Tony Abbott's real (big) problems; Clarke and Dawe

RBNZ building case for Macro-Pru, says English

Finance Minister says Governor Wheeler's speech was building case for more Macro-Prudential measures to slow Auckland housing inflation; agrees 'correction' possible

Key shrugs off first home class divide

Updated
Key downplays survey showing first home buyers need parents' help; suggests Hamilton commute for South Auckland workers. ANZ puts Auckland housing shortage at 18k

Let it go

Bernard Hickey wonders if central banks are wasting their time with money printing to solve a deflation problem caused by supply shocks

Wheeler rejects rate cut calls

Updated
RBNZ's Wheeler argues in speech for OCR stability; says monitoring banks' role in generating Auckland house price inflation; no talk on Macro-Pru; NZ$ bounces

Bernard's Top 10

What's so bad about 'Grexit'?; 'Just forgive the debt for the poorest'; NZers are rockstar gamblers; Unending money printing and currency wars; Clarke and Dawe

Key slaps down Councils' new tax ideas

Key agrees with LGNZ that rates not perfect, but not interested in 'opening floodgates' to new council taxes and spending; suggests they use more debt, delayed rates for pensioners

Councils want broader taxing powers

Local Govt NZ releases discussion paper calling for councils to have broader taxing powers to bridge current gap between spending and revenue

What would Mr Lee do?

Bernard Hickey questions the timidity of the Government's social housing plans. He suggests Mr Key take a leaf out of Mr Lee's book to launch a Houses of National Significance program