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June 30, 2020
These charts tell a simple story about how the coronavirus pandemic could be a catalyst for the transition to a more sustainable economic future. Looking at Chart 1, the gross domestic product (GDP) of the economy is shown as the combination of yellow and orange. (We note that these charts represent another aspect of pie ... <a title="Keith Rankin Chart Analysis – Pandemic as a Catalyst for a New Economic Normal" class="read-more" href="https://eveningreport.nz/2020/06/30/keith-rankin-chart-analysis-pandemic-as-a-catalyst-for-a-new-economic-normal/" aria-label="Read more about Keith Rankin Chart Analysis – Pandemic as a Catalyst for a New Economic Normal">Read more</a>
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June 26, 2020
Analysis by Keith Rankin. Fundamental Magic The fundamentals of existence are difficult to explain, which is why we need to fall back on abstract ‘creators’; ie beings sufficiently abstract that they themselves do not need to be explained. Here is my big three list of origin magics that underpin our existence. One. The origin of ... <a title="Keith Rankin Analysis – Imagination, Science, and Day-to-Day Magic" class="read-more" href="https://eveningreport.nz/2020/06/26/keith-rankin-analysis-imagination-science-and-day-to-day-magic/" aria-label="Read more about Keith Rankin Analysis – Imagination, Science, and Day-to-Day Magic">Read more</a>
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June 11, 2020
Analysis by Keith Rankin. Imagery: Metaphors, Symbols, Analogies As a species, people use symbols to facilitate understandings of the complexities of the world. In the last millennium in Europe, the highest subjects of learning were ‘classical studies’ and ‘theology’. It was because almost all of the principal explanatory stories of human life – as the priestly ... <a title="Keith Rankin Analysis – Goldmining as our Metaphor for Economic Activity" class="read-more" href="https://eveningreport.nz/2020/06/11/keith-rankin-analysis-goldmining-as-our-metaphor-for-economic-activity/" aria-label="Read more about Keith Rankin Analysis – Goldmining as our Metaphor for Economic Activity">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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June 5, 2020
Analysis by Keith Rankin. The conversation around the 2020 covid19 pandemic has been widely framed as ‘health versus the economy’. It has been quite political, with people leaning to the left emphasising ‘health’, and people leaning to the right emphasising ‘the economy’. A couple of weeks ago (27 May), on RNZ I heard outspoken British ... <a title="Keith Rankin Analysis – Economic Impacts of Pandemics" class="read-more" href="https://eveningreport.nz/2020/06/05/keith-rankin-analysis-economic-impacts-of-pandemics/" aria-label="Read more about Keith Rankin Analysis – Economic Impacts of Pandemics">Read more</a>
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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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June 2, 2020
Analysis by Dr Bryce Edwards The latest opinion poll is out, and it’s more bad news for the National Party, with Roy Morgan putting them on only 26.5% support, against Labour’s 56.5%. You can see the details here: Roy Morgan May opinion poll. Roy Morgan is regarded as less accurate than other polling companies, and the ... <a title="Bryce Edwards’ Political Roundup: Todd Muller’s torrid start as National leader" class="read-more" href="https://eveningreport.nz/2020/06/02/bryce-edwards-political-roundup-todd-mullers-torrid-start-as-national-leader/" aria-label="Read more about Bryce Edwards’ Political Roundup: Todd Muller’s torrid start as National leader">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 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>
