Financial Armageddon!!

[eri]

so much angst

gnashing of teeth and wailing

why doesn't someone do SOMETHING!

here's a hint

spend less than earn

everyday!

good things will happen!

[flyernzl]

Has it worked in Australia?

[JBM]

The last King kept fondly saying the economy was on the right track, but the truth is it has relied a great deal on a free hit from immigration and the fake prosperity of a housing market running on borrowed money. We have to do things better and differently. Now we get the chance.

My Pure hype blow rant-----

Well that because National(the right) at it's basis, runs a Capitalist idea -- Lower Tax , open market(free trades etc) easier to access funding , you work hard smarter you get ahead ...now of course this has plently of negatives ....like more and more people wanting to move here and less leaving ....the not so smart or lazier types getting crushed under the wheels of the Capitalist system >

like for example.. smart hard working speculator(say righty) buys sections cheaps or shares or new add on business as he believes demand will lift prices ...he sells making good profits.. then re-invested into another property/shares/business maybe to hold as rental or two ....

Not so smart kiwi (lets say lefty) believes he will save for property and wait for crash as Capitalist evils will bring on crash and contiues to rent for decades .... doesn't lift skills but waits believes it his right to own new house ,car , holiday,smokes ,Sky tv ..... the Govt must do something !!!!!!

Property prices continues to lift(from wealthy masses and easy to access capital aka trust from international investment) ..

.Now lefties movement get so large from missing out it votes out Capitalist Govt ....now we have Socialists Govt. comrade...

The Rich must pay!! ....Taxes increase , socialist policy drives costs upwards , Jobs lost , less people enter country more leave to find Capitalist ideals in other countries.... we have another international GFC or earthquake (like the last Govt went through) but this time international investment dries up and so debt costs increase(housing crashes) ....more taxes , more levies , more restrictions , more bureaucrats will fix the issue ..its someones fault ...

[Boom]

My Pure hype blow rant-----

Well that because National(the right) at it's basis, runs a Capitalist idea -- Lower Tax , open market(free trades etc) easier to access funding , you work hard smarter you get ahead ...now of course this has plently of negatives ....like more and more people wanting to move here and less leaving ....the not so smart or lazier types getting crushed under the wheels of the Capitalist system >

like for example.. smart hard working speculator(say righty) buys sections cheaps or shares or new add on business as he believes demand will lift prices ...he sells making good profits.. then re-invested into another property/shares/business maybe to hold as rental or two ....

Not so smart kiwi (lets say lefty) believes he will save for property and wait for crash as Capitalist evils will bring on crash and contiues to rent for decades .... doesn't lift skills but waits believes it his right to own new house ,car , holiday,smokes ,Sky tv ..... the Govt must do something !!!!!!

Property prices continues to lift(from wealthy masses and easy to access capital aka trust from international investment) ..

.Now lefties movement get so large from missing out it votes out Capitalist Govt ....now we have Socialists Govt. comrade...

The Rich must pay!! ....Taxes increase , socialist policy drives costs upwards , Jobs lost , less people enter country more leave to find Capitalist ideals in other countries.... we have another international GFC or earthquake (like the last Govt went through) but this time international investment dries up and so debt costs increase(housing crashes) ....more taxes , more levies , more restrictions , more bureaucrats will fix the issue ..its someones fault ...

Rose tinted glasses.

Righty and Lefty both want their fair share of overpaid taxpayer handouts while paying sweet f all in contributions.

A balance is required.

Long term housing needs to be affordable and secure - whether that is renting or ownership.

Having the majority of kiwis spending significant amounts of their disposable incomes on servicing foreign mortgages or rents = less money for business = less room for increased productivity = stagnating wages = over reliance on foreign investment

Govt. should stay out of rentals, just like they should not provide an accommodation supplement and distort the market.

Essentially all NZ'ers are lefties too. They all want their handout from the govt. be it WFF or a Pension. None of which are affordable.

True righties - there are none in NZ.

[Perry]

Rose tinted glasses.

Having the majority of kiwis spending significant amounts = less money for business = less room for increased productivity.

Just give us (say 20) examples of businesses that would benefit from the money presently invested in real estate and quantify all the productivity gains those businesses would generate.

No rush.

[Don't believe the Hype]

Just give us (say 20) examples of businesses that would benefit from the money presently invested in real estate and quantify all the productivity gains those businesses would generate.

No rush.

well said. What mums and dads are financing startups or setting up businesses after hours while managing school pick up and ballet lessons

[Nick G]

I think the idea is they would put the money into funds that would invest in businesses

Like with finance companies in the early 2000's but better this time of course

[Perry]

This tired, old, hackneyed cliché about business investment and productivity is worse than a scratched record, stuck in the same grove.

And the effects of past, second-person business investments are why none of the proverbial 'mum and dad' investors want a bar of any of them. Or over-paid fund managers who always skim off the cream and never carry the can when things go bad.

[Boom]

I think the idea is they would put the money into funds that would invest in businesses

Like with finance companies in the early 2000's but better this time of course

Most the finance companies were tied into property investment.

The west seems to have become retarded when it comes to sound long term investments ie. Infastructure. Technology. Exports.

Meanwhile China comes here buys our electricity providers, farms, food and milk production factories, water bottling companies and telecommunications.

But borrowing from overseas to buy up our own dilipatated houses is the goer

[Boom]

This tired, old, hackneyed cliché about business investment and productivity is worse than a scratched record, stuck in the same grove.

And the effects of past, second-person business investments are why none of the proverbial 'mum and dad' investors want a bar of any of them. Or over-paid fund managers who always skim off the cream and never carry the can when things go bad.

Just give us (say 20) examples of businesses that would benefit from the money presently invested in real estate and quantify all the productivity gains those businesses would generate.

No rush.

Telecommunications. Nz mobile coverage is subpar.

Space tech.

Environmental waste management and recycling

Water exports. The new oil.

Pharmacetical industry

Agricultural processing and exports eg. Kauri/timber... funnily enough now dominated by Chinese.

NZ still doesnt seem to understand the benefits of keeping stuff made in NZ even if it costs more.

Kiwirail trains a classic example

[Boom]

As an example Cheung Kong Infrastucture Holdings.....

[Perry]

Meanwhile China comes here buys our electricity providers, farms, food and milk production factories, water bottling companies and telecommunications.

Tut, tut - that's not a takeover. It's investment in productive enterprises. Investment that provides the investment-facilitating, ex-political hacks with seats on Boards, etc.

It's likely all part of a plan - one our dim-witted W'gton woodenheads can't or wont see. Or know too much about to turn down.

Offer them enough money and they all get situational blindness and ethics.

[Perry]

NZ still doesnt seem to understand the benefits of keeping stuff made in NZ even if it costs more.

Agreed.

But who or what are "NZ" in that context?

[Courham]

Telecommunications. Nz mobile coverage is subpar.

NZ still doesnt seem to understand the benefits of keeping stuff made in NZ even if it costs more.

Kiwirail trains a classic example

Ain't that the truth!

Craig

[eri]

should we have kept making the trekka?



huge australia has given up on making cars