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  1. #1521
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    The Government has allowed Housing NZ to borrow $ 2.9 Billion directly despite Treasury warnings. This allows them to keep this debt off core Crown figures to help them try to achieve their stated goal of net debt at or below 20% of GDP.
    One more proof that Steven Joyce was absolutely correct about Labour's fiscal hole. However much they want to fiddle with the books, they can't hide it.

  2. #1522
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    Quote Originally Posted by iceman View Post
    The Government has allowed Housing NZ to borrow $ 2.9 Billion directly despite Treasury warnings.
    You'de wonder why you would set up dozens of external committees for advice, and then fail to take the advice of your own internal experts.

  3. #1523
    Speedy Az winner69's Avatar
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    Business confidence down to a net 50% saying business conditions will deteriorate (ANZ)

    Respondents have 3 choices .....conditions will improve, stay the same or will deteriorate

    If say 20% responded stay the same that net 50% figure means 65% responded deteriorate and 15% responded improve (the net 50% being 65% less 15%)

    That’s a huge difference between the deteriorates and the improved

    A net 50% does not mean half the businesses think things will deteriorate (as often headlined in the media). It’s a net 50%

    No wonder the ANZ says it could get ugly
    Last edited by winner69; 31-08-2018 at 07:39 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1524
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    Quote Originally Posted by winner69 View Post
    Business confidence down to a net 50% saying business conditions will deteriorate (ANZ)

    Respondents have 3 choices .....conditions will improve, stay the same or will deteriorate

    If say 20% responded stay the same that net 50% figure means 65% responded deteriorate and 15% responded improve (the net 50% being 65% less 15%)

    That’s a huge difference between the deteriorates and the improved

    A net 50% does not mean half the businesses think things will deteriorate (as often headlined in the media). It’s a net 50%

    No wonder the ANZ says it could get ugly
    Yeah well people in business do not lose confidence easy, they are natural optimists, usually reflects economic reality they face. A good friends construction business is struggling, just mumbles making seven figures an't going to happen this year..must be worse than that thou as happy to offload his 2017 audi to me in a private sale as long as I offered anything around trade in value and cash....hmmm

  5. #1525
    Speedy Az winner69's Avatar
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    Clare must have fallen head over heels with this Derek guy as the next ITO

    https://thespinoff.co.nz/business/29...f-new-zealand/
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #1526
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    Quote Originally Posted by winner69 View Post
    Clare must have fallen head over heels with this Derek guy as the next ITO

    https://thespinoff.co.nz/business/29...f-new-zealand/
    I was surprised when he got on the board at sky. I've always considered him a shameless self-promoter intellectual lightweight but he sure must be a smooth talker. I'm not surprised that plenty in the tech community have seen through him.

  7. #1527
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    Quote Originally Posted by greater fool View Post
    Interesting headline: Business Confidence to Drop Further. ( Grunters doing? Or the 9 year failures of the nasty Nats? )

    http://www.scoop.co.nz/stories/BU180...nother-hit.htm
    Isn't confidence a "looking forward" opinion, not a "looking backwards" one?

  8. #1528
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    Great to see terms of trade at historically high levels near all time highs.

  9. #1529
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    Quote Originally Posted by greater fool View Post
    Interesting headline: Business Confidence to Drop Further. ( Grunters doing? Or the 9 year failures of the nasty Nats? )

    http://www.scoop.co.nz/stories/BU180...nother-hit.htm
    IRD filing is the least of an employers worry. They have to get their head around the holiday pay balls up first.

  10. #1530
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    Quote Originally Posted by Joshuatree View Post
    Great to see terms of trade at historically high levels near all time highs.
    What's your thoughts on D Handley and the Tech job JT?

    I'm sure you're aware of his high standing on the Snakk thread. Should he get a job reference from Balance?

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