CoveragePost
July 9, 2020
Editorial by Selwyn Manning. New National Party leader Todd Muller has presented his party’s vision for New Zealand as it grapples with the economic cost of the Covid-19 pandemic. But Muller’s vision was unsurprisingly National while surprisingly short on economic detail. And, after a week where sordid privacy breaches plagued the party – leaving Muller ... <a title="UPDATED: Leadership, Vision, and Combating a Machiavellian Culture – Is Todd Muller National’s Solution?" class="read-more" href="https://eveningreport.nz/2020/07/09/leadership-vision-and-combating-a-machiavellian-culture-is-todd-muller-nationals-solution/" aria-label="Read more about UPDATED: Leadership, Vision, and Combating a Machiavellian Culture – Is Todd Muller National’s Solution?">Read more</a>
CoveragePost
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 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 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>
CoveragePost
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>
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 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
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>
