It's Prime Minister Ardern...OK.?

[Justamugpunter]

read and weep  for all those heard yelling "the sky is falling! the sky is falling!" ?

Economy performance a 'cracker'

 

By Dene Mackenzie

 

1. Business

The New Zealand economy produced a cracker of a performance in the three months ended June, ASB senior economist Jane Turner says.

The economy grew at 1% in the three months, double the growth rate of 0.5% in March. The 1% growth was above both economists' and Reserve Bank forecasts.

The annual growth rate was 2.8%, ahead of 2.6% in March and the Reserve Bank's forecast of 2.5%.

Ms Turner said growth in the quarter was strong and would have been phenomenal if not for a near 20% decline in mining production due to an unplanned shut down in gas production.

As expected, GDP growth was led by strong growth in electricity generation, a large broad-based lift in agricultural production, a strong performance in retail and wholesale trade, and strong growth in arts, recreational and cultural services.

There was also stronger than expected growth in other parts of services, including a strong 1.8% lift in transport, postal and warehousing, and a 1.1% lift in information media and telecommunications.

"It is evident in the second quarter all parts of the economy were performing well as the strength was remarkably broad-based.

"This sits with our view the economy is currently benefiting from a number of supports."

Those supports included high terms of trade, low interest rates and high population growth.

Statistics New Zealand reported a leaking pipeline led to an unplanned shut down in New Zealand's largest gas field. It led to downstream effects on manufacturing production, adding to some drag from the planned shut down at the Marsden Point oil refinery.

Looking ahead, Ms Turner was concerned growth might have lost momentum in the three months ended September.

Negative business sentiment posed a threat to economic growth being sustained at current rates in the coming year.

Taking recent business confidence readings at face value, in particular business investment and employment intentions, growth could be much weaker than forecast. <ends>

https://www.odt.co.nz/business/economy-performance-cracker

 

 

[pete]

Well we all knew about this already because Princess Fairydust let it slip earlier in the week.

 

[pete]

You obviously conveniently ignored the last 3 paragraphs.

[Reefton]

the GDP can do what it wants .  That is history.  Business confidence is what will drive the economy on the future and it ain't looking good.

To be fair it is not all Teethcinda's fault.  Look for some pretty restrictive lending practices from those four Aussie banks when this Royal Commission report into Aussie banking comes out - and if the banks tighten up on lending that is a real downer on business confidence - no good being confident and wanting to get stuck in when the Bank Manager has the s#*ts!

[Justamugpunter]

mean while! deep in the bowels of nat$land….

[pete]

Hilarious... ?

[hesi]

The boards will be running hot(please read copy and pasting will be in overdrive), on liquorice all sort cafe this week. 

Jacinda is in US town, doing all the news outlets that matter, and she was invited, didn't have to pay to get on.

Like they say, when she looks good, NZ looks good, and that must be good for NZ.  Wouldn't NZ racing kill for such coverage

[mumbles]

What benefits is there to Ordinary NZers of Jacinda appearing in New York.

Key ,Clark,Lange(uk) all did it and yet we have record petrol prices,record rents nothing actully helps those at the coal face.

Edited September 25, 2018 by mumbles

[Gavin]

1 hour ago, mumbles said:

What benefits is there to Ordinary NZers of Jacinda appearing in New York.

Key ,Clark,Lange(uk) all did it and yet we have record petrol prices,record rents nothing actully helps those at the coal face.

Who are these ordinary NZers you refer to? My pick is they are the very people Ardern and Co are now trying to assist after the previous bunch of wankers displayed complete indifference to their plight for 9 years.

Part of Ardern's role is to be where she is now. This pointing fingers at her over every far king thing she says or does has a real sexist aspect to it. I've been interested in Politics for a few decades now and I can't recall one word of disapproval or questioning the merit of male PM's on these trips.

Petrol prices will always go up and down. Should Governments go into panic mode when it occurs? If so, I suggest every PM would be frozen to their chair for years at a time. Are you concerned by the constant nose to tail on our motorways or Nationals refusal to do anything other than watch it worsen? High rents have been a way of life for many for some time. Allowing a housing crisis to unfold and worsen to the determent of these "ordinary NZers" you referred to was a treasonous type situation. This has very clearly impacted on rents. Now we have a Government committed to doing something about and the blue team supporters haven't stopped whining since day 1.  The domestic residence investment portfolios of some including offshore investors blossomed under National. Who pays the price for that? You guessed it. ordinary NZers. 

 Those same people were hurting under Key but there was apparently nothing in the kitty to address their plight. Infrastructure was underfunded resulting in neglect. All this while "ordinary NZers" were enjoying an alleged rock star economy. Still, their was enough money in the kitty for Key to have his very expensive ego driven flag referendum before he snuck off. Those funds were desperately needed elsewhere but hey, Key and English got knighthoods to go with every other benefit they held their hands out for and "ordinary NZers" will be paying for in upcoming decades. 

[Justamugpunter]

48 minutes ago, Gavin said:

 and the blue team supporters haven't stopped whining since day... 

 

tick!  and don't they bleat! baaaaaaaaaaaaaaaaaaa….

Perhaps the blue team (and I'm sure that just about all the *leaders* in Racing fit that bill) can share what team blue delivered to racing!

It's interesting to speculate why they didn't/would touch *Racing* with a barge poll!!!  perhaps because any personal venue into thing$ racing  didn't delivery!

Reflecting on the M report, I've not see much about the cost of getting the products to the Track being way to expensive!  and nothing about real wages not growing for 30+ years for 'the average' kiwi! always amusing to note that 70% of kiwi's not coming up to the  average!

 

 

 

[Gavin]

They are for sure,  the blue doom and gloom in the room. 

Without wishing to state the bleeding obvious, horse racing has been munted for many years. There are a myriad of reasons for that. Racing was virtually the only game in town when I was a young fella. It still is in some locations. Clubs ran 9 or 10 races, sold expensive beer, maggot packs and had sweet FA between the races over five or six hours. Punters don't mind giving but dislike being bent over. Time is more important now than it's ever been. The number of people running red lights around the joint is testament to that. Folk have too much to do these days to stand around with their finger up their date for 9 x 35 minute gaps between low value races. So much easier and convenient to watch a few races on TV while doing other things. To the fridge for a beer that does not leave you feeling the bar was taking the piss while pouring it. Off to the pantry with no sign of maggot packs,reheated hot chips and those bloody horrible things called hot dogs.

I only go to the races a couple of times a year now and only ever on premium days. Quality racing, good atmosphere,happy people and not a hot dog in sight. Other than that, racing is good, but not that good. 

Edited September 26, 2018 by Gavin

[pete]

5 hours ago, Justamugpunter said:

tick!  and don't they bleat! baaaaaaaaaaaaaaaaaaa….

Perhaps the blue team (and I'm sure that just about all the *leaders* in Racing fit that bill) can share what team blue delivered to racing!

It's interesting to speculate why they didn't/would touch *Racing* with a barge poll!!!  perhaps because any personal venue into thing$ racing  didn't delivery!

Reflecting on the M report, I've not see much about the cost of getting the products to the Track being way to expensive!  and nothing about real wages not growing for 30+ years for 'the average' kiwi! always amusing to note that 70% of kiwi's not coming up to the  average!

 

 

 

You should change your name to justamugvoter.

[hesi]

6 hours ago, Gavin said:

Who are these ordinary NZers you refer to? My pick is they are the very people Ardern and Co are now trying to assist after the previous bunch of wankers displayed complete indifference to their plight for 9 years.

Part of Ardern's role is to be where she is now. This pointing fingers at her over every far king thing she says or does has a real sexist aspect to it. I've been interested in Politics for a few decades now and I can't recall one word of disapproval or questioning the merit of male PM's on these trips.

Petrol prices will always go up and down. Should Governments go into panic mode when it occurs? If so, I suggest every PM would be frozen to their chair for years at a time. Are you concerned by the constant nose to tail on our motorways or Nationals refusal to do anything other than watch it worsen? High rents have been a way of life for many for some time. Allowing a housing crisis to unfold and worsen to the determent of these "ordinary NZers" you referred to was a treasonous type situation. This has very clearly impacted on rents. Now we have a Government committed to doing something about and the blue team supporters haven't stopped whining since day 1.  The domestic residence investment portfolios of some including offshore investors blossomed under National. Who pays the price for that? You guessed it. ordinary NZers. 

 Those same people were hurting under Key but there was apparently nothing in the kitty to address their plight. Infrastructure was underfunded resulting in neglect. All this while "ordinary NZers" were enjoying an alleged rock star economy. Still, their was enough money in the kitty for Key to have his very expensive ego driven flag referendum before he snuck off. Those funds were desperately needed elsewhere but hey, Key and English got knighthoods to go with every other benefit they held their hands out for and "ordinary NZers" will be paying for in upcoming decades. 

Isn't that ever the understatement of the decade.

For the record

Simon - won't last past Xmas, nice guy, no impact, for whatever reason

Coalition -  will go the 3 years

Ardern - will continue to show her layers and remain PM for the full term

Next election - mmmmmmmmmmmm, bit of a hard one that, but unless the Nats get off the bitter wagon, then probably another term for the coaltion

 

Edited September 26, 2018 by hesi

[pete]

'Ardern - will continue to show her layers and remain PM for the full term'

What layers?

The economy with the truth layers?

The virtue signalling eco warrior layers?

The economically illiterate layers?

The 'Winston is actually the boss here' layers?

You're deluding yourself Hesi. Her highness and the fisherman are only interested in self promotion.

How about she starts being a PM and forgets about the Fairydust? Enjoying the fuel price at the moment?

 

[pete]

Interesting too how privacy is required for the baby whilst in NZ and suddenly when they hit New York it's photo ops everywhere for the world media.

[Kopia]

44 minutes ago, pete said:

'Ardern - will continue to show her layers and remain PM for the full term'

What layers?

The economy with the truth layers?

The virtue signalling eco warrior layers?

The economically illiterate layers?

The 'Winston is actually the boss here' layers?

You're deluding yourself Hesi. Her highness and the fisherman are only interested in self promotion.

How about she starts being a PM and forgets about the Fairydust? Enjoying the fuel price at the moment?

 

Everything labour/greens/nz first have done..which is feck all..have been destructive economically ( think New Plymouth..etc)..can one of toothindas defenders point out one thing that labour has instituted that is going to generate significant income?...and TAX IS NOT INCOME...it is a punishment for being even mildy successful..

[barryb]

12 hours ago, hesi said:

Isn't that ever the understatement of the decade.

For the record

Simon - won't last past Xmas, nice guy, no impact, for whatever reason

Coalition -  will go the 3 years

Ardern - will continue to show her layers and remain PM for the full term

Next election - mmmmmmmmmmmm, bit of a hard one that, but unless the Nats get off the bitter wagon, then probably another term for the coaltion

 

None of the success for Labour you are predicting is coming from great governance or policy but more the failure of a National leader  to undermine them.

I agree with you Hesi, a poor govt lacking in policy and ability only in place because of a weak opposition leader who will be gone in 6 months.

[Gavin]

10 hours ago, Kopia said:

Everything labour/greens/nz first have done..which is feck all..have been destructive economically ( think New Plymouth..etc)..can one of toothindas defenders point out one thing that labour has instituted that is going to generate significant income?...and TAX IS NOT INCOME...it is a punishment for being even mildy successful..

Is that your thing mate? Bravely via your keyboard slag a person off who just happens to be a woman? A knuckle dragging misogynist up in lights. If that's not enough, you feel compelled to butcher the ladies given name and ridicule her teeth in the same breath. You're one of lifes true heroes. Award yourself a VC and Bar. While you're at it, how about putting up a photo showing your own teeth etc so the country can pass judgment. Ms Ardern is someones sister, daughter, mother and partner. How would you feel about anonymous jellyfish ridiculing your daughter, wife or sister? 

You epitomize the divisive bullshit being spewed out all day every day by National Party supporters who just can't get over a party other than National having the audacity to govern NZ. Totally incapable of owning and reflecting on the carnage created by the previous Government and the socially inclusive policies of the new crowd who want all New Zealanders to have a fair crack. That's the kiwi way which has been awol for the previous 9 years much to the determent of a large portion of good NZ folk. I'm genuinely shocked at how many tax and economic experts have slid out from under rocks in NZ over the last year to pass their scathing judgment. What are their credentials to give their perspective any merit whatsoever? 

As for the new Government having done "feck all". You can't be serious. They have been busier than any NZ Government in my lifetime with an enormous to do list. Valuing all the people of NZ is not a bad thing deserving ridicule. The previous crowd were highly successful in looking after anyone of their ilk and divisively treating the rest as an annoying feral inconvenience. Ironically, this also sums up a good number of their supporters. The good news about this for many Kiwis is that the National Parties arrogance has resulted in them having no support parties which in an MMP environment will prevent them governing NZ for many years. Their supporters are wonderful at reminding folk why National have no political friends. 

National's answer to NZ horse racing, housing, health, poverty, clogged motorways etc etc was to deny there was a problem and standby and do far king nothing while things worsened. Resolve a problem by ignoring it is not known for resulting in a successful outcome. If National weren't going to address issues, it was time to give them the Spanish archer and give the job to someone who would. 

[Gavin]

12 hours ago, hesi said:

Isn't that ever the understatement of the decade.

For the record

Simon - won't last past Xmas, nice guy, no impact, for whatever reason

Coalition -  will go the 3 years

Ardern - will continue to show her layers and remain PM for the full term

Next election - mmmmmmmmmmmm, bit of a hard one that, but unless the Nats get off the bitter wagon, then probably another term for the coaltion

 

Bridges will see out Christmas as the blue leader hesi. The timing for him to be shown the door now is not right. These things tend to be cooked up over summer and resolved in February as was the case with Bill English. National are desperate to gain traction against Ardern and know Mr Bridges at 10% is not doing the job despite his incessant bleating and NZ road tour. There is 0% hope of him being the blue leader going into the 2020 election.

As for Simon being a nice guy. National have some good folk in their team. I don't consider him to be one. I've seen nothing that would indicate he's a good / nice guy.

Labour will be a hot fav to retain Government in 2020. Ardern will be PM for at least 9 years but likely to be even longer. The Nats will retain their good level of support but under MMP, that's not enough. They need friends and are further away from having any now than they ever have been. That penny won't drop for them any time soon as they still arrogantly believe they can govern alone. How well did that work for them in 2017? 

[hesi]

54 minutes ago, Gavin said:

Bridges will see out Christmas as the blue leader hesi. The timing for him to be shown the door now is not right. These things tend to be cooked up over summer and resolved in February as was the case with Bill English. National are desperate to gain traction against Ardern and know Mr Bridges at 10% is not doing the job despite his incessant bleating and NZ road tour. There is 0% hope of him being the blue leader going into the 2020 election.

As for Simon being a nice guy. National have some good folk in their team. I don't consider him to be one. I've seen nothing that would indicate he's a good / nice guy.

Labour will be a hot fav to retain Government in 2020. Ardern will be PM for at least 9 years but likely to be even longer. The Nats will retain their good level of support but under MMP, that's not enough. They need friends and are further away from having any now than they ever have been. That penny won't drop for them any time soon as they still arrogantly believe they can govern alone. How well did that work for them in 2017? 

Ok, we'll give you that, early in the new year

Apart from the politics of governing, very interesting all this.  Who could honestly put their hand on their heart and predicted Ardern would have become such a charismatic leader.  I thought Andrew Little might do alright, then I thought Simon would do pretty good.

Is there anyone lurking in the ranks of the Nats, who could blossom when elevated.

After watching The Block the other night and seeing Paula Bennett, it won't be her

[barryb]

The trouble with everything you say Gavin is the country never gave Labour a mandate not even close, mid 30s in fact. That's a crux of it and why many are bitter, the main party couldn't even get close to 50% support. They got by with zero policy and continue today to hobble together I'll thought out ideas that will cost us well into the future.

[hesi]

9 minutes ago, barryb said:

The trouble with everything you say Gavin is the country never gave Labour a mandate not even close, mid 30s in fact. That's a crux of it and why many are bitter, the main party couldn't even get close to 50% support. They got by with zero policy and continue today to hobble together I'll thought out ideas that will cost us well into the future.

That's true, 37%

It never gave the Nats a mandate either(44%)

So what do you do?

The highest polling party has the first option to try and form a Govt???

 

Edited September 26, 2018 by hesi

[barryb]

3 minutes ago, hesi said:

That's true, 37%

It never gave the Nats a mandate either(44%)

So what do you do?

What you dont do is allow a party with less than 10% support to totally dominate you and punch way about it weight. Labour sold its voters down the river to NZF in order to gain power. Power which as they are discovering is at NZF discretion on every policy issue. 

[barryb]

I just re read Gavins post about Ardern and longer than 9 yrs.

Hilarious Gavin, whilst charismatic yes, unlike Key this will wane quickly as traditionally Labour voters when burnt economically dont turn up on Election day. When Labour voters realise in short time that nothing is changing for them financially then the dream run will end for Jacinda.

Labour had Clark & Cullen 2 of NZs most competent MPs and still departed them.

[Justamugpunter]

28 minutes ago, barryb said:

The trouble with everything you say Gavin is the country never gave Labour a mandate not even close, mid 30s in fact. That's a crux of it and why many are bitter, the main party couldn't even get close to 50% support. They got by with zero policy and continue today to hobble together I'll thought out ideas that will cost us well into the future.

You off course don't understand proportional representation!  

ps, I bet you were foaming at the mouth when you typed that out!   ?