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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>
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May 13, 2020
Analysis by Keith Rankin. Economies as Pie Charts Most of us are familiar with the expressions ‘economic pie’ or ‘economic cake’. The ‘pie’ metaphor is probably best, because pies represent a holdall food item, less homogeneous in their finished forms than are cakes. Further, most of us are familiar with pie charts. Yesterday I published ... <a title="Keith Rankin Analysis – Pie Economics: a Way to Understand Economic Balance" class="read-more" href="https://eveningreport.nz/2020/05/13/keith-rankin-analysis-pie-economics-a-way-to-understand-economic-balance/" aria-label="Read more about Keith Rankin Analysis – Pie Economics: a Way to Understand Economic Balance">Read more</a>
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May 12, 2020
Analysis by Keith Rankin. Income in an Economy The chart above shows how income is distributed in an economy. It shows three major sectors: Government, Business and Households. Households are the principal sector; governments and businesses serve households, and are accountable to households. The chart is a pie chart, representing the economic pie. (For now, ... <a title="Keith Rankin Chart Analysis – National Income: the Pie Chart" class="read-more" href="https://eveningreport.nz/2020/05/12/keith-rankin-chart-analysis-national-income-the-pie-chart/" aria-label="Read more about Keith Rankin Chart Analysis – National Income: the Pie Chart">Read more</a>
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May 11, 2020
Analysis by Keith Rankin. Today’s chart shows (in grey) the estimated impact of Covid-19 on mortality rates in the selected countries. For most of these countries, the ‘excess death’ procedure provides an estimate of underreporting in underreporting countries compared to those with the most comprehensive reporting. Some of these extra deaths may have occurred as ... <a title="Keith Rankin Chart Analysis – Estimating the true death tolls from Covid19" class="read-more" href="https://eveningreport.nz/2020/05/11/keith-rankin-chart-analysis-estimating-the-true-death-tolls-from-covid19/" aria-label="Read more about Keith Rankin Chart Analysis – Estimating the true death tolls from Covid19">Read more</a>
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May 8, 2020
Analysis by Keith Rankin. This chart shows four recovering countries, including two of the first major outbreaks after China (South Korea and Italy), and the putative Australasian bubble. The chart shows daily average new cases, using seven-day rolling averages. Thus Italy is approaching 2000 new cases a day per 100 million people. Because Italy has ... <a title="Keith Rankin’s Chart Analysis – Covid19: Long Tail and Long Head" class="read-more" href="https://eveningreport.nz/2020/05/08/keith-rankins-chart-analysis-covid19-long-tail-and-long-head/" aria-label="Read more about Keith Rankin’s Chart Analysis – Covid19: Long Tail and Long Head">Read more</a>
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May 7, 2020
Analysis by Keith Rankin. “We are borrowing tens of billions of dollars from our children and grandchildren to get us through the Covid crisis…”. (James Shaw in interview on Radio New Zealand’s Nine to Noon, 23 April 2020) Debtors and Creditors Literally, for me to be in debt to somebody means that the ‘somebody’ (the ... <a title="Keith Rankin Analysis – Can our Grandchildren be our Creditors?" class="read-more" href="https://eveningreport.nz/2020/05/07/keith-rankin-analysis-can-our-grandchildren-be-our-creditors/" aria-label="Read more about Keith Rankin Analysis – Can our Grandchildren be our Creditors?">Read more</a>
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May 5, 2020
Analysis by Keith Rankin. Surviving the Black Flu It has been interesting for me to look back and investigate the Black Flu pandemic of 1918. The 1918 pandemic is widely regarded to have been the world’s worst pandemic since the Black Death of the late 1340s. (It was commonly known as the ‘Spanish Flu’, but this ... <a title="Keith Rankin Analysis – Smart Treatments in a Pandemic; Lessons from the Black Flu" class="read-more" href="https://eveningreport.nz/2020/05/05/keith-rankin-analysis-smart-treatments-in-a-pandemic-lessons-from-the-black-flu/" aria-label="Read more about Keith Rankin Analysis – Smart Treatments in a Pandemic; Lessons from the Black Flu">Read more</a>
