CoveragePost
October 30, 2023
Analysis. by Keith Rankin. On 26 October I wrote about New Zealand’s exceptional financial model, showing it to take a similar (though non-fraudulent) form to a Ponzi Scheme (The Ponzi financial model and New Zealand’s monetary policy). And I showed how this kind of financial behaviour by a nation-state could help to stabilise a world ... <a title="Keith Rankin Chart Analysis – Interesting Financial Fingerprints: Malaysia, Switzerland, United Kingdom, Israel" class="read-more" href="https://eveningreport.nz/2023/10/30/keith-rankin-chart-analysis-interesting-financial-fingerprints-malaysia-switzerland-united-kingdom-israel/" aria-label="Read more about Keith Rankin Chart Analysis – Interesting Financial Fingerprints: Malaysia, Switzerland, United Kingdom, Israel">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 17, 2023
Analysis by Keith Rankin. The above chart shows that the world’s governments, taken collectively, run financial deficits every year. This is not a weakness of the global financial system; it’s a strength, perhaps the strength of the world system. Government deficits offset private sector financial choices. We note that when the world government deficit becomes ... <a title="Keith Rankin Chart Analysis – Governments run financial deficits; it’s their role to do so" class="read-more" href="https://eveningreport.nz/2023/10/17/keith-rankin-chart-analysis-governments-run-financial-deficits-its-their-role-to-do-so/" aria-label="Read more about Keith Rankin Chart Analysis – Governments run financial deficits; it’s their role to do so">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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September 26, 2023
Analysis by Keith Rankin. The principal measure of economic success in the mainstream narrative is economic growth. The pointy heads associated with that narrative will correctly point out that its economic growth per capita that matters, and which serves as a crude proxy for ‘living standards’. This conventional wisdom says that annual economic growth of ... <a title="Keith Rankin Chart Analysis – Economic Growth per Capita: New Zealand in Context" class="read-more" href="https://eveningreport.nz/2023/09/26/keith-rankin-chart-analysis-economic-growth-per-capita-new-zealand-in-context/" aria-label="Read more about Keith Rankin Chart Analysis – Economic Growth per Capita: New Zealand in Context">Read more</a>
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September 4, 2023
Analysis by Keith Rankin. The Financial Profile of a Nation State New Zealand Incorporated (in abbreviation, NZ Inc.) is Aotearoa New Zealand thought of as an economic nation. The domestic economy of New Zealand splits into the ‘Government’ and ‘Private’ sectors, where ‘Private’ means ‘non-Government’. ‘NZ Inc.’ is embodied within ‘World Inc.’; that is, within ... <a title="Keith Rankin Analysis – New Zealand’s Exceptional Financial Policy Signature" class="read-more" href="https://eveningreport.nz/2023/09/04/keith-rankin-analysis-new-zealands-exceptional-financial-policy-signature/" aria-label="Read more about Keith Rankin Analysis – New Zealand’s Exceptional Financial Policy Signature">Read more</a>
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September 1, 2023
By Russell Palmer, RNZ News digital political journalist Parliament has ended for another term, shutting down ahead of the Aotearoa New Zealand election campaign with a debate where many focused on attacking their political opponents. Labour Party leader and Prime Minister Chris Hipkins warned New Zealanders: “We can continue to move forward under Labour, or ... <a title="Hipkins warns NZ voters against ‘turning the clock back’ on reforms" class="read-more" href="https://eveningreport.nz/2023/09/01/hipkins-warns-nz-voters-against-turning-the-clock-back-on-reforms/" aria-label="Read more about Hipkins warns NZ voters against ‘turning the clock back’ on reforms">Read more</a>
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August 31, 2023
Analysis by Keith Rankin. New Zealand’s Exceptional Economic Policy Fingerprint The above chart shows New Zealand’s financial (im)balances from 1999. What is truly exceptional is the number of years in which Aotearoa New Zealand has green and red together on the ‘surplus’ side of the chart. (I have discussed this in May in Visualising Countries’ ... <a title="Keith Rankin Chart Analysis – New Zealand’s Financial Exceptionalism" class="read-more" href="https://eveningreport.nz/2023/08/31/keith-rankin-chart-analysis-new-zealands-financial-exceptionalism/" aria-label="Read more about Keith Rankin Chart Analysis – New Zealand’s Financial Exceptionalism">Read more</a>
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August 22, 2023
Analysis by Keith Rankin. In New Zealand, both Labour and National want the teaching of ‘financial literacy’ to become compulsory in schools. (See Labour pledges compulsory financial literacy classes in schools and National also aiming to make financial literacy compulsory in schools from One News, 20 August 2023. On the 6pm news, Prime Minister Chris ... <a title="Keith Rankin Analysis – Financial Literacy, Compound Interest, and the Veneration of Money" class="read-more" href="https://eveningreport.nz/2023/08/22/keith-rankin-analysis-financial-literacy-compound-interest-and-the-veneration-of-money/" aria-label="Read more about Keith Rankin Analysis – Financial Literacy, Compound Interest, and the Veneration of Money">Read more</a>
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August 21, 2023
Geoffrey Miller Analysis - The BRICS are back. Johannesburg will this week host the 15th annual summit of the BRICS, an acronym for Brazil, Russia, India, China and South Africa. The loose grouping may be about to become tighter – and bigger.
CoveragePost
August 15, 2023
Essay by Keith Rankin. Fresh vegetables and fruit – quality foods – are what economists call a merit good, like primary health care, education and urban public transport. By contrast, ‘junk food’ – rich in sugar – is a demerit good. We in New Zealand and many other countries have a problem: too much unhealthy ... <a title="Keith Rankin Essay – Subsidise Vegetables and Fruit" class="read-more" href="https://eveningreport.nz/2023/08/15/keith-rankin-essay-subsidise-vegetables-and-fruit/" aria-label="Read more about Keith Rankin Essay – Subsidise Vegetables and Fruit">Read more</a>
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July 17, 2023
Analysis by Keith Rankin. Last week we heard the Labour Party leader, Prime Minister Chris Hipkins, practically rule out changes to the marginal income tax rates or the associated income thresholds. In particular, he indicated that a Hipkins-led government would not proceed with proposals to introduce a tax-free income bracket. And he ruled out new ... <a title="Keith Rankin Analysis – Income Tax and Common-Sense: the Aotearoa New Zealand case" class="read-more" href="https://eveningreport.nz/2023/07/17/keith-rankin-analysis-income-tax-and-common-sense-the-aotearoa-new-zealand-case/" aria-label="Read more about Keith Rankin Analysis – Income Tax and Common-Sense: the Aotearoa New Zealand case">Read more</a>
