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With the current price, dairy will downsize regardless of what the environmental commissioner recommends.
Unfortunately in price maybe but not in quantity.
Since the payout is so low poor practices may increase to reduce costs.
Dairy must be about the dirtiest landuse around.
Yeah dairying is dirty, just by the nature of it, but of course, most are pretty good and there's just a few bad buggers. Some guys let the whole farming community down and serially pollute waterways etc. for which they get fined pretty heavily actually - as well they should.
There must be a limit to the number of cows we can have in NZ, with existing technology - if some way of limiting nitrogen going into waterways comes along, then this might change (like the Green Revolution changed crop yields for instance) but until then, numbers need to be limited IMHO.
Greece is in the midst of arguably the worst economic crisis experienced by a developed country in modern times.
Its economy has shrunk by about a quarter in a depression that has so far lasted more than six years, while its unemployment rate is hovering above 25 per cent.
As Greece closes banks, fear spreads of a eurozone implosion
...fears are mounting that the outcome could sink not just Greece but the euro and the idea of the European Union itself.
A Greek collapse could leave European leaders scrambling to prevent turmoil from spreading to other vulnerable Eurozone countries such as Italy and Portugal.
The governor of Puerto Rico has decided that the island cannot pay back its
more than US$70 billion (NZ$102b) in debt, setting up an unprecedented
financial crisis that could rock the municipal bond market and lead to higher
borrowing costs for governments across the United States.
As extreme volatility plagues Chinese sharemarkets a top economist is warning that the cracks appearing within China's economy are of much greater concern for New Zealand than Greece's economic woes.
Almost US$1.25 trillion in value has been wiped off the Shanghai market since June 12.
Monetary easing and a downturn in China's property market had been pushing Chinese investors towards shares,
while margin trading - borrowing some of the cash required for a transaction from a broker - also helped fuel the market frenzy.
Let's hope this is just the start of no longer "kicking the can down the road"
Let the rout of the over indebted around the world begin.
Take the pain for a decade and then try to build a better financial base.
Unlikely however...we'll just end up delaying the inevitable by applying some band aids somewhere.
Last edited by speights boy; 01-07-2015, 12:16 PM.
A few haircuts coming!
The best that can be hoped is that this finally pushes them reform their economy enough to be competative
they can't afford to repay the debt - ever I feel.
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