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"We cannot predict when the Minsky Moment will occur. Nor can we prevent it, although there are some who try to prolong it – promising a bigger crash."

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Labour Cost Index

Wage growth slows in March,

Wage growth slows in March, set to continue slowdown over 2009

6th May 09, 8:28pm

by Alex Tarrant

Wage growth slows in March, set to continue slowdown over 2009

Wage inflation less than expected

Wage inflation less than expected in December; supports RBNZ's rate cutting

2nd Feb 09, 11:28am

by Alex Tarrant

Wage inflation less than expected in December; supports RBNZ's rate cutting

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There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

~ Frédéric Bastiat

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