CoveragePost
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>
CoveragePost
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>
CoveragePost
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>
CoveragePost
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>
CoveragePost
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>
CoveragePost
September 9, 2019
Analysis by Dr Bryce Edwards – What sort of topsy-turvy political world have we arrived at? This week, the Government continued to defend its fiscally conservative approach, in direct opposition to economists who suggest more spending is warranted. Even Treasury, the Reserve Bank, the private sector, and National appear to be open to much greater ... <a title="Bryce Edwards’ Political Roundup: Shouldn’t the Government be spending more?" class="read-more" href="https://eveningreport.nz/2019/09/09/bryce-edwards-political-roundup-shouldnt-the-government-be-spending-more/" aria-label="Read more about Bryce Edwards’ Political Roundup: Shouldn’t the Government be spending more?">Read more</a>
CoveragePost
July 2, 2019
The public’s trust in the competency and integrity of the public service is an essential element of any democracy. If citizens think that those running government departments are foolish, dishonest, or dodgy, then the whole system can start to fall apart. We see the results of such distrust in plenty of other countries. Here in ... <a title="Bryce Edwards’ Political Roundup: Lack of accountability over Treasury’s bogus hacking claim" class="read-more" href="https://eveningreport.nz/2019/07/02/bryce-edwards-political-roundup-lack-of-accountability-over-treasurys-bogus-hacking-claim/" aria-label="Read more about Bryce Edwards’ Political Roundup: Lack of accountability over Treasury’s bogus hacking claim">Read more</a>
CoveragePost
April 21, 2019
Political Roundup: Why the CGT had to be ruled out by Dr Bryce Edwards The soul-searching and blame-game over the surprise demise of the capital gains tax proposals continues to occupy politicos and commentators over the long weekend. Allegations of betrayal continue, while some are also pointing to the inevitable problems with the proposals – ... <a title="Bryce Edwards’ Political Roundup: Why the CGT had to be ruled out" class="read-more" href="https://eveningreport.nz/2019/04/21/bryce-edwards-political-roundup-why-the-cgt-had-to-be-ruled-out/" aria-label="Read more about Bryce Edwards’ Political Roundup: Why the CGT had to be ruled out">Read more</a>
CoveragePost
April 2, 2019
Editorial by Selwyn Manning. This week New Zealand’s Prime Minister Jacinda Ardern concluded her first bilateral with China’s two top leaders President Xi Jinping and Premier Li Keqiang and ended with clear signals the two countries are poised to build on the $30billion two-way trade relationship. But there was more to this bilateral meeting than ... <a title="EDITORIAL: New Zealand Should Be Well Pleased with Ardern’s NZ-PRC Bilateral" class="read-more" href="https://eveningreport.nz/2019/04/02/editorial-new-zealand-should-be-well-pleased-with-arderns-nz-prc-bilateral/" aria-label="Read more about EDITORIAL: New Zealand Should Be Well Pleased with Ardern’s NZ-PRC Bilateral">Read more</a>
CoveragePost
February 27, 2019
Political Roundup: Defeat looms for the Government on the CGT by Dr Bryce Edwards The capital gains tax debate is a huge political issue, and a great deal rides on the outcome – especially the chances of the Labour-led Government being re-elected next year. So far, it’s not looking great for the Government. At this ... <a title="Bryce Edwards’ Political Roundup: Defeat looms for the Government on the CGT" class="read-more" href="https://eveningreport.nz/2019/02/27/bryce-edwards-political-roundup-defeat-looms-for-the-government-on-the-cgt/" aria-label="Read more about Bryce Edwards’ Political Roundup: Defeat looms for the Government on the CGT">Read more</a>
CoveragePost
February 14, 2019
Political Roundup: The Story of the Chinese blowback against New Zealand by Dr Bryce Edwards This week might come to be seen as a turning point in New Zealand’s complex trading and political relations with China. Suddenly there is a very strong awareness of the deteriorating relations between the capitals of Wellington and Beijing. And ... <a title="Bryce Edwards’ Political Roundup: The Story of the Chinese blowback against New Zealand" class="read-more" href="https://eveningreport.nz/2019/02/14/bryce-edwards-political-roundup-the-story-of-the-chinese-blowback-against-new-zealand/" aria-label="Read more about Bryce Edwards’ Political Roundup: The Story of the Chinese blowback against New Zealand">Read more</a>
CoveragePost
January 29, 2019
Analysis by Keith Rankin. While our traditional economic indicators all seem positive and on target, it is nevertheless clear to almost everyone that something is very wrong with the economic health of New Zealand and other liberal-capitalist economies. Far too many people – especially young people – are poor. Many are trapped in their poverty. ... <a title="Keith Rankin’s Chart of the Month – The Unsurprising Problem of the Poor" class="read-more" href="https://eveningreport.nz/2019/01/29/keith-rankins-chart-of-the-month-the-unsurprising-problem-of-the-poor/" aria-label="Read more about Keith Rankin’s Chart of the Month – The Unsurprising Problem of the Poor">Read more</a>
