Inruin
Contributor
The sexist reporter is a joke. There are so, so many things you can grill Ardern on and this fucktard comes up with a question like this?
john nick
wizards rage
Can’t they work off experience and intuition.
Most of us on here have picked prices to drop way more than the experts and we are being proven right.
They either really don’t have a clue or they try are trying to manipulate the economy by choosing either to be overly optimistic or pessimistic with their predictions.
Noitall
I thought her response regarding Obama and key was a good one.
john nick
Peter Thompson head of Barfoot and Thompson said that if covid was to arrive in NZ the arse would fall out of the housing market.
Absolutely the opposite happened.
I smell a rat
wizards rage
It would of if the govt and reserve bank didn’t overdo the stimulus and cause the opposite to happen on borrowed money.
john nick
His prediction was still wrong no matter how much you spin it.
Inruin
Contributor
Yes, and all that question has done is distract from what people should be talking about and that is Adern's inability to deliver and the state of the country
Fonzie
There are some that are better than others
A good start is to completely ignore anyone who works for/in the property sector or other vested interest
These guys are worth reading imo:
Archive - Fresh Economic Thinking
Full archive of all the posts from Fresh Economic Thinking.
fresheconomicthinking.substack.com
Christopher Joye - Coolabah Capital Investments | Livewire
The latest investment insights and market commentary from Christopher Joye on Livewire markets. Access investment ideas today!
Edit - not to say that Chris Joye has never talked his own book 😉
Miket12
One of the best bits of advice I’ve received was to fully check out financial advisors… a lot of them are just “salesmen” for either the managed fund companies which pay them a large commission or ”salesmen” for a property company.There are some that are better than others
A good start is to completely ignore anyone who works for/in the property sector or other vested interest
These guys are worth reading imo:
Archive - Fresh Economic Thinking
Full archive of all the posts from Fresh Economic Thinking.
Christopher Joye - Coolabah Capital Investments | Livewire
The latest investment insights and market commentary from Christopher Joye on Livewire markets. Access investment ideas today!www.livewiremarkets.com
Edit - not to say that Chris Joye has never talked his own book 😉
bruce
Contributor
They are supposed to declare any commission they earn. I have known some honest investment advisors. They seem to follow a basket good performers on the market. and I doubt go for bitcoin like some did.
They’re mostly old dudes that have a strong network of relationships with other old dudes. A minority of them have good market insight while a significant majority’s greatest value add is in hosting long lunches. Most would consider themselves financial experts however very few are.
bruce
Contributor
It comes down to how desperate they are to produce paper profits.
The Canadian Teachers Union who put all their money in FTX are a sad example.
That guy Scarramucci in New York seemed to be exposed to FTX as well.
Milford seems to be doing well on returns in NZ compared to the ASB, but they are paper?
Then again in the old days the AMP Society had all the best commercial real estate around. Now they are a shell company in the Bahamas.
I wonder why some people prefer property?
bruce
Contributor
I do not have Kiwisaver any more, but some tell me it is a shite investment.
Worried2Death
Motota
Bernard Hickey: The Reserve Bank is now a hostage to politics
The age of independence for our Reserve Bank is now over.
thespinoff.co.nz
Saw this article a few weeks ago, relates to the earlier conversation. Adrian Orr somehow gets another 5 years in charge of the reserve bank.
No independent review in to how they handled 2021-2022.. crazy
Miket12
Has anyone actually worked out the timeline for the entrenchment clause in the 3 Waters legislation?
Problem is... Labour said it was a Greens Party idea but Sage said Mahuta contacted her about putting the clauses in when Parliament met under urgency knowing few MP's would actually be in the chamber.
Ardern and Hipkins said they knew nothing about it until it reached the Debating Chamber, but Mahuta then said Ardern and Hipkins were both present at caucus when it was discussed, and that Ardern was chairing the meeting.
Ardern says she then can't remember it being discussed in caucus, yet she instructed Parker to ask the Crown Law office to confirm whether the entrenchment clause was constitutional. Parker has confirmed he did ask the CLO but will not say what the CLO reported back.... obviously, it wasn't good otherwise the government would release it.
Now Ardern is refusing to answer any more questions on the subject because she feelsshe's told enough lies she's already answered enough on it and doesn't "accept that the public needs to know any more" as "it's now confusing the matter".
Problem is... Labour said it was a Greens Party idea but Sage said Mahuta contacted her about putting the clauses in when Parliament met under urgency knowing few MP's would actually be in the chamber.
Ardern and Hipkins said they knew nothing about it until it reached the Debating Chamber, but Mahuta then said Ardern and Hipkins were both present at caucus when it was discussed, and that Ardern was chairing the meeting.
Ardern says she then can't remember it being discussed in caucus, yet she instructed Parker to ask the Crown Law office to confirm whether the entrenchment clause was constitutional. Parker has confirmed he did ask the CLO but will not say what the CLO reported back.... obviously, it wasn't good otherwise the government would release it.
Now Ardern is refusing to answer any more questions on the subject because she feels
Inruin
Contributor
AM's Ryan Bridge pushes PM Jacinda Ardern about dumped entrenchment clause in Three Waters legislation
The Government dumped the clause after claims it was "constitutionally objectionable".
www.newshub.co.nz
Just a question around entrenchment. When it is intially passed does it have to have 75% vote (or 60% in this case) for it to become law. Or can it just be passed with the barest of majorities and have that clause in it?
Miket12
The entrenched section of the 3 Waters can be passed into law with the barest of a majority but, if passed, could only be changed with 60% of all MP’s agreeing to it.AM's Ryan Bridge pushes PM Jacinda Ardern about dumped entrenchment clause in Three Waters legislation
The Government dumped the clause after claims it was "constitutionally objectionable".
Just a question around entrenchment. When it is intially passed does it have to have 75% vote (or 60% in this case) for it to become law. Or can it just be passed with the barest of majorities and have that clause in it?
We do have somethings entrenched currently in NZ law, but those relate to Parliament and Elections, not policies introduced by parties….
Six provisions in New Zealand law are constitutionally entrenched, meaning they can only be changed by a vote of more than 75% of the House of Representatives or more than 50% at a referendum. They are contained in the Electoral Act 1993 (and one in the Constitution Act 1986) and relate to:
- the term of Parliament
- the Representation Commission (a committee that determines electoral boundaries)
- the division of New Zealand into general electorates
- the 5% margin for the population of general electorates
- the minimum voting age of 18
- the method of secret voting.
Inruin
Contributor
seems a bit strange doesn't it. For a normal law, it requires just the barest of a majority to pass. So any sitting Government can pass or change or repeal almost any law. When it comes to entrenchment, you would think that if it requires a higher threshold to be changed or removed then that is what should be required to put it in to law also - therefore you would have a more unilateral or cross party support for it also.
