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July 22, 2024
Analysis by Keith Rankin. Interest Rates and Increasing Prices: The Facts The first chart above challenges the received view that inflation in New Zealand remains stubbornly high, and that it is therefore appropriate for the Reserve Bank’s official cash rate (OCR) to be held for at least a few more months at its damagingly high ... <a title="Keith Rankin Chart Analysis – The Truth in New Zealand about Price Inflation and Interest Rates" class="read-more" href="https://eveningreport.nz/2024/07/22/keith-rankin-chart-analysis-the-truth-in-new-zealand-about-price-inflation-and-interest-rates/" aria-label="Read more about Keith Rankin Chart Analysis – The Truth in New Zealand about Price Inflation and Interest Rates">Read more</a>
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October 26, 2023
Analysis by Keith Rankin. Today I read this article (David Seymour calls for sweeping changes to make the Reserve Bank more accountable, NZ Herald, 26 October) showing David Seymore’s wish to double-down on New Zealand’s financial model. The Ponzi financial model operates much more broadly than the fraudulent Ponzi schemes associated the likes of players ... <a title="Keith Rankin Analysis – The Ponzi financial model and New Zealand’s monetary policy" class="read-more" href="https://eveningreport.nz/2023/10/26/keith-rankin-analysis-the-ponzi-financial-model-and-new-zealands-monetary-policy/" aria-label="Read more about Keith Rankin Analysis – The Ponzi financial model and New Zealand’s monetary policy">Read more</a>
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October 12, 2023
Analysis by Keith Rankin. This chart shows the anomalous economy which is Ireland. In tradingeconomics.com, Ireland and New Zealand are shown as having exactly the same population (5.15m). Yet Ireland has a GDP of $US529 billion, whereas New Zealand has a GDP of $US247 billion, less than half. (Even Sweden, with double Ireland’s population, has ... <a title="Keith Rankin Chart Analysis – Economic Growth: Ireland compared to Australasia" class="read-more" href="https://eveningreport.nz/2023/10/12/keith-rankin-chart-analysis-economic-growth-ireland-compared-to-australasia/" aria-label="Read more about Keith Rankin Chart Analysis – Economic Growth: Ireland compared to Australasia">Read more</a>
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December 20, 2021
Taxation is the mechanism for redistribution of wealth to combat inequality and for redirecting resources to build a society. But our current tax principles though largely hidden or not understood by ordinary people, lie at the root of all our current inequality and struggling economy. Struggling at least for ordinary people. This article shows our current tax principles are central to our economic problems. Understand and fix tax and we are on a path to greater economic security and wealth for all, a ‘citizens economy’.
CoveragePost
December 18, 2021
How to stop ‘the normal principles of taxation’ destroying our economy and begin changes to create a citizen economy (Part A) EDITOR’S NOTE: Taxation is the mechanism for redistribution of wealth to combat inequality and for redirecting resources to build a society. But our current tax principles though largely hidden or not understood by ordinary ... <a title="LONG-FORM REPORT: Creating the citizen economy" class="read-more" href="https://eveningreport.nz/2021/12/18/long-form-report-creating-the-citizen-economy/" aria-label="Read more about LONG-FORM REPORT: Creating the citizen economy">Read more</a>
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October 9, 2020
ANALYSIS: By Geoffrey Ford, University of Canterbury; Bronwyn Hayward, University of Canterbury, and Kevin Watson, University of Canterbury When New Zealand Health Minister Chris Hipkins recently quipped that the Green Party is “to some extent the conscience of the Labour Party” he was not simply referring to polls suggesting Labour may need the Greens’ support ... <a title="How the Greens have changed the NZ language of economic debate" class="read-more" href="https://eveningreport.nz/2020/10/09/how-the-greens-have-changed-the-nz-language-of-economic-debate/" aria-label="Read more about How the Greens have changed the NZ language of economic debate">Read more</a>
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June 8, 2020
Analysis by Keith Rankin. Good or Bad? Are there good or bad signature patterns for countries. The most obvious answer is that every country should ideally look like Portugal in 2019. Government sector and foreign sector balances would be close to zero. Private sector balances would also be close to zero, with household surpluses (net household ... <a title="Keith Rankin Chart Analysis – Financial Signatures: Portugal and New Zealand compared" class="read-more" href="https://eveningreport.nz/2020/06/08/keith-rankin-chart-analysis-financial-signatures-portugal-and-new-zealand-compared/" aria-label="Read more about Keith Rankin Chart Analysis – Financial Signatures: Portugal and New Zealand compared">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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April 8, 2020
Op-Ed by Armida Salsiah Alisjahbana The unprecedented public health emergency triggered by the COVID -19 pandemic and its multi-faceted impact on people’s lives around the world is taking a heavy toll on Asia and the Pacific. Countries in our region are striving to mitigate the massive socioeconomic impact of the pandemic, which is also expected ... <a title="OP-ED: Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future" class="read-more" href="https://eveningreport.nz/2020/04/08/op-ed-asia-pacific-response-to-covid-19-and-climate-emergency-must-build-a-resilient-and-sustainable-future/" aria-label="Read more about OP-ED: Asia-Pacific response to COVID-19 and climate emergency must build a resilient and sustainable future">Read more</a>
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November 27, 2019
When the annual national accounts were released by Statistics New Zealand, the $300 billion milestone was released. New Zealand now produces, for sale, goods and services valued at more than $300 billion in one year. Ownership of the gross domestic product (GDP) is called ‘income’. Deciding who, at first cut, owns those goods and services ... <a title="Keith Rankin’s Chart Analysis: Division of New Zealand’s $300 billion GDP" class="read-more" href="https://eveningreport.nz/2019/11/27/keith-rankins-chart-analysis-division-of-new-zealands-300-billion-gdp/" aria-label="Read more about Keith Rankin’s Chart Analysis: Division of New Zealand’s $300 billion GDP">Read more</a>
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August 22, 2019
Analysis by Keith Rankin. The 2018 census has had such a low compliance rate, that it really acted as a large convenience sample (therefore a biased sample) of the New Zealand population. (See my Census Survey from March 2018.) Despite the assurances we are getting, many researchers will have little confidence in its population tallies ... <a title="Keith Rankin’s Chart of the Month – Auckland and New Zealand’s Population Dynamics" class="read-more" href="https://eveningreport.nz/2019/08/22/keith-rankins-chat-of-the-month-auckland-and-new-zealands-population-dynamics/" aria-label="Read more about Keith Rankin’s Chart of the Month – Auckland and New Zealand’s Population Dynamics">Read more</a>
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April 15, 2019
Analysis by Keith Rankin New Zealand has a ‘fiscal responsibility’ clause in its Public Finance Act; a clause that began its life in 1994 as the Fiscal Responsibility Act. As a result, New Zealand has an effective ‘Balanced Budget policy’. A similar policy has been adopted this decade by the European Union (EU). Balanced Budget ... <a title="Keith Rankin’s Chart of the Month: Fiscal Balances Compared – Public Deficits offset Private Surpluses" class="read-more" href="https://eveningreport.nz/2019/04/15/keith-rankins-chart-of-the-month-fiscal-balances-compared-public-deficits-offset-private-surpluses/" aria-label="Read more about Keith Rankin’s Chart of the Month: Fiscal Balances Compared – Public Deficits offset Private Surpluses">Read more</a>
