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June 3, 2020
Analysis by Keith Rankin. Economic Life, Economics and Economism When things go wrong with economic life, it’s easy to blame economics; that is, the academic discipline called ‘economics’. We all live economic lives, and use metaphors to give meaning to that amorphous thing we call ‘the economy’ and to our individual places within it. Shared ... <a title="Keith Rankin Analysis – Mindframes and Doughnuts" class="read-more" href="https://eveningreport.nz/2020/06/03/keith-rankin-analysis-mindframes-and-doughnuts/" aria-label="Read more about Keith Rankin Analysis – Mindframes and Doughnuts">Read more</a>
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May 31, 2020
Analysis by Keith Rankin. The large western economies account for by far the most covid19 deaths in the world. Even Germany, with a covid19 death incidence of 100 per million is well above the world average to date of 50 deaths per million people. Of these large countries, only the United States looks likely to ... <a title="Keith Rankin Chart Analysis – Covid19: Deaths and Cases to the end of May 2020" class="read-more" href="https://eveningreport.nz/2020/05/31/keith-rankin-chart-analysis-covid19-deaths-and-cases-to-the-end-of-may-2020/" aria-label="Read more about Keith Rankin Chart Analysis – Covid19: Deaths and Cases to the end of May 2020">Read more</a>
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May 30, 2020
Analysis by Keith Rankin. Sweden has lost 400 of its ten million people to Covid 19 in the week to 28 May. And there is little sign, yet, of a significant slowdown in deaths. Sweden’s weekly death rate has been this high for the last eight weeks; ie since the beginning of April. It would ... <a title="Keith Rankin Chart Analysis – Covid19: Deaths and Cases in the last week of May 2020" class="read-more" href="https://eveningreport.nz/2020/05/30/keith-rankin-chart-analysis-covid19-deaths-and-cases-in-the-last-week-of-may-2020/" aria-label="Read more about Keith Rankin Chart Analysis – Covid19: Deaths and Cases in the last week of May 2020">Read more</a>
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May 28, 2020
Analysis by Keith Rankin. On Project Syndicate – and in other places in recent months – orthodox US economist Kenneth Rogoff has presented the case for deeply negative interest rates. Another financial sacred cow falls; yes, interest rates can be negative, even substantially negative. It can take a while, though, for shot sacred cows to ... <a title="Keith Rankin on Deeply Negative Interest Rates" class="read-more" href="https://eveningreport.nz/2020/05/28/keith-rankin-on-deeply-negative-interest-rates/" aria-label="Read more about Keith Rankin on Deeply Negative Interest Rates">Read more</a>
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May 27, 2020
Analysis by Keith Rankin. 1980s: Sweden like New Zealand and Australia Sweden in the 1980s, financially speaking, looked something like New Zealand and Australia. It was a period of stress from high oil prices, and global inflation. Governments ‘took up the slack’, running deficit balances. In Sweden, the slack was caused mainly by private-sector surpluses. ... <a title="Keith Rankin’s Chart Analysis – Financial Signatures: Sweden and Australia" class="read-more" href="https://eveningreport.nz/2020/05/27/keith-rankins-chart-analysis-financial-signatures-sweden-and-australia/" aria-label="Read more about Keith Rankin’s Chart Analysis – Financial Signatures: Sweden and Australia">Read more</a>
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May 26, 2020
Analysis by Keith Rankin. From an interview with Geoff Bertram, on The Panel, RNZ 22 May 2020 Wallace Chapman: “Are we setting up our future generations, our future children, to be born into a life of national debt?” [He mentions the on-line Fabian Society discussion, held on 23 May, and introduces Geoff Bertram.] Wallace Chapman: ... <a title="Keith Rankin Analysis – Government and Money during a Major Economic Downturn" class="read-more" href="https://eveningreport.nz/2020/05/26/keith-rankin-analysis-government-and-money-during-a-major-economic-downturn/" aria-label="Read more about Keith Rankin Analysis – Government and Money during a Major Economic Downturn">Read more</a>
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May 25, 2020
Analysis by Keith Rankin. Surpluses and Deficits of Different Economic Sectors This new series of weekly charts looks at forty years of surpluses and deficits in different countries, showing what makes these countries tick, and why they were where they were – financially speaking – at the end of the 2010s. (We may note, for ... <a title="Keith Rankin Chart Analysis – Financial Signatures: Japan" class="read-more" href="https://eveningreport.nz/2020/05/25/keith-rankin-chart-analysis-financial-signatures-japan/" aria-label="Read more about Keith Rankin Chart Analysis – Financial Signatures: Japan">Read more</a>
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May 22, 2020
Analysis by Keith Rankin. Covid19 case incidence is a reflection of both the actual infection rate, and the extent to which infections have been reported. Thus, countries like Sweden and Brazil with low testing rates have actual infection rates substantially higher than reported. Qatar is so high in part because, like Iceland, testing rates have ... <a title="Keith Rankin Chart Analysis – Covid19: Cumulative Cases and Deaths" class="read-more" href="https://eveningreport.nz/2020/05/22/keith-rankin-chart-analysis-covid19-cumulative-cases-and-deaths/" aria-label="Read more about Keith Rankin Chart Analysis – Covid19: Cumulative Cases and Deaths">Read more</a>
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May 21, 2020
Analysis by Keith Rankin. Budget-related Economic Chatter Last week in New Zealand was Budget week, and the chatter about the burden of government debt reached a crescendo. I will highlight here comments made, on Monday 11 May, by four economists with substantial media profiles, from Radio New Zealand’s Nine to Noon (hosted by Kathryn Ryan), ... <a title="Keith Rankin Analysis – Unpacking our Fear of Government Debt" class="read-more" href="https://eveningreport.nz/2020/05/21/keith-rankin-analysis-unpacking-our-fear-of-government-debt/" aria-label="Read more about Keith Rankin Analysis – Unpacking our Fear of Government Debt">Read more</a>
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May 21, 2020
Analysis by Keith Rankin. The chart above shows how a spending pie-chart may differ for a closed economy, compared to its income chart. For this example, the government sector has a financial deficit (ie a budget deficit) while the household sector has a financial surplus. In this case the government sector slice is 30% of ... <a title="Keith Rankin Chart Analysis – National Income, Spending and Debt" class="read-more" href="https://eveningreport.nz/2020/05/21/keith-rankin-chart-analysis-national-income-spending-and-debt/" aria-label="Read more about Keith Rankin Chart Analysis – National Income, Spending and Debt">Read more</a>
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May 20, 2020
Analysis by Keith Rankin. The Commentariat There is a regular commentariat who appear on places such as ‘The Panel’ on Radio New Zealand (4pm on weekdays), and on panels on television shows such as Newshub Nation (TV3, weekends) and Q+A (TV1, Mondays). Generally, these panellists come out in favour of targeted assistance to the misfortunate, ... <a title="Keith Rankin Analysis – Universal versus Targeted Assistance, a Muddled Dichotomy" class="read-more" href="https://eveningreport.nz/2020/05/20/keith-rankin-analysis-universal-versus-targeted-assistance-a-muddled-dichotomy/" aria-label="Read more about Keith Rankin Analysis – Universal versus Targeted Assistance, a Muddled Dichotomy">Read more</a>
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May 15, 2020
Analysis by Keith Rankin. Today’s first summary chart looks at reported Covid19 cases and deaths over the seven days to 14 May. It is sorted into a Covid19 ‘deaths league’. Sweden now leads the world for acknowledged Covid19 deaths, closely followed by United Kingdom and Belgium. While Netherlands is showing well below Sweden and Belgium, ... <a title="Keith Rankin’s Chart Analysis – Covid19: Weekly Summary" class="read-more" href="https://eveningreport.nz/2020/05/15/keith-rankins-chart-analysis-covid19-weekly-summary/" aria-label="Read more about Keith Rankin’s Chart Analysis – Covid19: Weekly Summary">Read more</a>
