Politics 🗳️ NZ Politics

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Bottom of the economic cycle, freight operators already starting to see a marginal tick up.
That time of the year too when you start to see a rise in spending leading up to Christmas, daylight savings has kicked in, Labour weekend coming up is another little lift in people's spirits.

Inflation dropping, interest rates dropping, some tax relief including Auckland fuel tax (though that affects some funding as well), childcare support has started, etc

Still a long way to go to climb out of the hole we are in but I feel we have turned the corner slightly and certainly a lot quicker than we were going to previously with little plan to arrest the issues.

Latest poll has the coalition sitting on 65 seats to 57 so no real change there. I think the next election will likely be as close as this last one and will be determined by NZF again assuming they get the 5%+
 
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As I hinted a week or so ago my industry contacts had been very hushed about the situation and I suspected something.
Appears that there was a cloud over her even before she sailed
Pretty shameful. To knowingly go and cause such pollution on such pristine waters, heads should roll
 
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Central Banks ruined the economy by doing their best to eliminate cycles with cheap debt. The previous Government spent too much for little return & employed too many people unproductively, raised minimum wages too much & assisted the out of control inflation.
Please tell how the previous NZ Labour party affected the worldwide inflation problem
 
What amazing coincidence NZ achieved its first female Defence minister, Chief of Army and Navy Captain all at the same time, and all on their own merits.

Collins became New Zealand’s first female defence minister after the centre-right National Party was victorious in last year’s general elections.

In June, Major General Rose King was appointed chief of the country’s army, becoming the first woman to lead a branch of the military.

About 20 percent of New Zealand’s uniformed military personnel are women.

What a rubbish comment
 
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Central Banks ruined the economy by doing their best to eliminate cycles with cheap debt. The previous Government spent too much for little return & employed too many people unproductively, raised minimum wages too much & assisted the out of control inflation.
I’m sure there are plenty of businesses and people that wouldn’t agree with the little return in terms of the cost of spending in regards to covid. Unfortunately it wasn’t a perfect system for those to see an opportunity to wrought the payments distributed but the borrowing to do that before even considering keeping the country running must have been astronomical. That’s not to say there were some poor decisions but we’re seeing plenty at the moment also. Don’t think it can be downplayed the effects of covid on the world economically and unfortunately our small population will see us take longer than others. The population is a generalisation though as there are many more factors, the world is working it’s way out of a covid hangover
 
But the right was telling us Labour was ruining the economy. It's a cycle now?
This isn’t an attack on Labour more an explanation.

During the good part of the cycle, businesses have a resilience where you can load them up with with compliance and costs and they can on charge to the customers.

Ramp up minimum wage; extra weeks sick leave; extra stat holidays; extra compliance costs; reduce efficiencies, slow down traffic, increase taxes, etc.

Over the long term these can’t be increased more than natural increases in productivity. Or it’s artificially going up and must come down.

When the economy turns and customers cashflow becomes tight, all the costs and waste in the system is exposed.

We must correct back to meet the natural growth in wages; costs; etc.

The more inefficient the govt makes the economy, the longer and deeper the recession must be until fundamentals add up again and we return to aligning with our natural productivity.

It’s no coincidence we’ve had the longest, deepest recession in the world, going on 2 years as our wealth/ income has been reduced to where it should naturally be based on productivity. What artificially went up has come crashing down.

We can’t legislate ourselves rich, as Labour tried to do.

Economics 101 as Bruce would have said.
 
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Please tell how the previous NZ Labour party affected the worldwide inflation problem
Please tell why we’ve had the longest recession in the world with the biggest drop in GDP per capita if it’s ALL a worldwide issue?

If it was simply a global issue we would have matched the global recovery with a short dip and bounce back. 🤔

And to be clear it has been a worldwide issue but each country has also handled it individually which has given variations in the outcomes in each country.
 
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Please tell why we’ve had the longest recession in the world with the biggest drop in GDP per capita if it’s ALL a worldwide issue?

If it was simply a global issue we would have matched the global recovery with a short dip and bounce back. 🤔

And to be clear it has been a worldwide issue but each country has also handled it individually which has made it slightly better or worse…
With due respect we were discussing the origins and not the bounce back
 
Their only plan is privatise and enrich the wealthy, keep it hard neoliberal

We can't afford a tax cut for the rich.

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