If National wins ...

[blackcap]

Remember Buy NZ made? They are still there, it's just been a fairly quiet operation over the last few years. Have a look at their website, you won't see what the mechandising products look like, the prices, or anything. That's partly because you have to be a paid-up member to buy them, but that's not helpful in keeping a high profile.

http://www.google.co.nz/url?sa=t&rct...60444564,d.dGI


The Australians are, however, becoming more proactive in looking after their own.

http://www.stuff.co.nz/business/indu...oush-sours-CER

Ahha I finally get it. EZ you are a national socialist :P (btw for the uniformed: :P = tongue in cheek).

[elZorro]

Ahha I finally get it. EZ you are a national socialist :P (btw for the uniformed: :P = tongue in cheek).

Blackcap, I'm not sure what one of those looks like. I don't like the first part of the expression..

I guess I'm hopeful for NZ jobs and productivity, and sustainability at the same time. And when public or industry bodies are in place to help with that, they need to be organised.

Landcorp Farming half-year report is out. They don't have only dairy farms, but on the back of a high milksolids payout, their 137 farms are looking to return an annual profit (3x last year's) of about..$255,000 per farm average. That's a lot of capital tied up there.

http://www.nzherald.co.nz/business/n...ectid=11196541

[Harvey Specter]

That's a lot of capital tied up there.

Are you suggesting the mixed ownership model should be applied

More seriously, why not. Limit ownership to NZ residents.

[Harvey Specter]

But considering the cost of a roll of toilet paper is often under a dollar at retail with GST added, they won't want to be shipping them too far in volume.

You could be correct. though one look around a two dollar shop shows the value of the product doesn't exclude it from being imported.

The real issue here is why do NZer always sell stuff off to overseas investors. Why do we invest so much into housing, yet dont see the value that the big multinationals like SCA see. There is no tax advantage to property tough there is a financing advantage. One 'solution' I have seen, which I think is done in Isreal and other places is for the LVR requirements to increase the more properties you own. So your first house, presumably your PPOR you can borrow 80-90% but after that you can only borrow 70%, then 50% then 40% etc.

[Cuzzie]

It's heading in the right direction.
http://www.nzherald.co.nz/business/n...ectid=11197049

[Harvey Specter]

It's heading in the right direction.
http://www.nzherald.co.nz/business/n...ectid=11197049

No doubt Key will have his finger on the trigger for a snap election should Labour look like they are in disarray.

[slimwin]

Oh no. EZ doesn't like positive news for the country

[iceman]

Oh no. EZ doesn't like positive news for the country

No need to worry. He is well capable of finding one way or another to describe this news as very bad for the Government and country

[elZorro]

No need to worry. He is well capable of finding one way or another to describe this news as very bad for the Government and country

Let's say the trend is in the right direction for once. National still have to beat Labour's record of 3.3% unemployed, from sometime in 2007. There are another extra 100,000 people who are not engaged in the labour force since that time, and we already know that there are less non-dole beneficiaries than there were, so that's not the answer, that they are all bludgers.

Average wage inflation has been very small so far, which means it's still hard to find a job generally. A few more employed in the manufacturing sector, that's a better sign.

Are you guys saying that if Labour was in, the country would be a cot-case with a lot more unemployed? I think it would have recovered more quickly.

Harvey, I agree with your idea for LVRs for house purchases. About farming, I was more making the point that even a highly organised farm operator with plenty of feedback and opportunities for economies of scale, has trouble making a dollar on average.

[iceman]

Average wage inflation has been very small so far, which means it's still hard to find a job generally. A few more employed in the manufacturing sector, that's a better sign.
Are you guys saying that if Labour was in, the country would be a cot-case with a lot more unemployed? I think it would have recovered more quickly.

I agree EZ that wage growth has been low in the last few years while battling the GFC, but after tax wage growth has on average exceeded inflation. Importantly though is that we have had wage growth, including annual increases each and every year in the minimum wage. Now with strong and continued growth in the employment rate and a fairly fast growing economy, hopefully wage growth will also increase well ahead of inflation.