A review of things you need to know before you sign off on Monday; Supermarket supply costs moderate; BNZ can't shake Gloriavale, NZGB bond transaction high, swaps rise, NZD stable, & more

How is that any worse than NZ? Most of the above while enactng tax changes to make it financially nonviable to rent properties out to people already here in the first place?

Robertson: Is that your whole hand Dr?

Dr: Yes

Robertson: Clap Hands

"BNZ moved to terminate the relationship because of human rights breaches".

I see their point however I'm struggling a bit with this because where does it go next / end ? We've recently seen Trudeau invoke emergency powers to cancel banking facilities to striking truckers & Coutts cancel (& subsequently back down after widespread outrage) Farages banking in the UK because of his political views. Globally banks fund banking for all sorts of organisations human rights abuses Are Swiss banks still hoarding Nazi gold? (telegraph.co.uk)

It is an unhappy feature of New Zealand news media, and the quidnuncs who work for them, that 'outing' strange little sects, and stirring up society against them, has become something of a pastime. For the past few years the focus has been on Gloriavale, though I notice RNZ has lately become excited by Jehovah's Witnesses. Before Gloriavale there was Destiny, and the various Pentecostal sects that David Farrier obsesses over. Go back further and it's the Exclusive Brethren. Further still and it's Moonies and Mormons and Scientologists and Hare Krishna.

Gloriavale banked with the BNZ for 40 years, and in all that time never accepted even one cent in interest for religious reasons, which was great for the BNZ, which had the free use of Gloriavale money. Suddenly, after bad publicity, Gloriavale gets a Bugger Off letter from the BNZ, and is refused service by every other bank. This is a fundamental deprivation of civil rights. How can any organisation (apart from the Mongrel Mob) exist cash-only in the modern world? The court is right to order the BNZ to continue its service.

A past example of expulsion by a bank pandering to public sentiment was the reviled Synlait worker Lee Williams, whose bank account was closed when he solicited funds in his defence campaign.

https://www.fsu.nz/lee_williams_westpac_did_what#:~:text=But%20neverthe….

There have been significant moves in Britain against banks that curry favour with the public by abruptly closing the accounts of people who offend the public with their behaviour or their expressed opinions. Banks ought not to be moral arbiters disciplining sinners for their waywardness: they should confine themselves to being banks.

https://www.reuters.com/world/uk/uk-investigates-bank-blacklisting-peop…

https://www.reuters.com/business/finance/banks-tread-tricky-tightrope-w…

While I find those groups despicable it does worry me because we are cutting perilously close to limiting religious freedom.

I once read a book about a chap who grew up in an Amish community where it is customary to leave school once you are literate and can perform basic mathematics (making their education slightly better than New Zealand state education?) He said that leaving school and going to work was actually when he felt happiest in the community, he became well respected as a reliable worker and a contributing member of the community.

Most people who grew up in a rural community would have been asked to help at harvest, fix fences or take on all manner of other menial chores. Is it child labour? Probably technically. Is it bad for children to learn new skills, develop a sense of belonging to a community or earn the respect of their peers? Probably not. There is a spectrum and just because something isn't common in society doesn't make it wrong.

yeah in 2019 lets practice having a coronovirus pandemic.... wait a minute

Might start shifting a few at 600k….

Only to the blind and insane 

The question is why aren't investors buying them, as they should also get interest deductibility on their mortgages due to them being new builds? Or do most investors actually buy for the future capital gain on the land, which they often get on older properties, especially if they can be subdivided. But if that is that case, why don't investors pay pay tax on the capital gains and if they are not paying CGT , are they really paying their fair share of tax?

green = nuclear, do the math

Talking of shares, the 3 Ozzie and 1 US uranium miners I own have been surging in value since around May, after maybe 6 months of slow slide

I get this kind of chest beating at my local water cooler. Stump up with the names of the companies or stock codes for validation. 

Spot Price up    https://numerco.com/NSet/aCNSet.html?reload=true

I have several shareholdings in OZ and US. Playing the long game.

Say it again because the proof of it is right here as only one example. The electorate will prioritise, before anything else, that this shambolic Labour government is removed from power and voting for National, warts and all, is the most straightforward guarantee of that on offer. That sentiment is ably demonstrated here by the swing from ACT as soon as their  leader started straying into the amazing irrelevancy of supposed endorsements of long dead global personalities and simultaneously revealing a unforgivably slack selection process for their candidates.

Propaganda at best. Such a shame the focus of this election is Labour instead of the opposition as there seems to be zero critical thinking here. Moon walking off a cliff.

Our only hope is National is as useless with numbers as they appear to be and can’t keep their promise of sharp recession and asset price destruction. Sorry, “spending cuts”. 

Must admit Luxon left Jack tame speechless when he told him his (correct) numbers were wrong.

This has been labours worst year IMO. The first 5 years they had excuses to not deliver: NZF and Covid. But this year it’s like they haven’t even tried, it’s all been about the cost of living, they have forgotten all about transformation and making NZ better, it’s all so negative.