Briefing on the Economy - Debt and Resiliance

08 August 2011 2 Comments

08 August. Finance Minister Bill English talks about the US economy, the global debt problem, what it means for New Zealand and why our economy is relatively well-placed to weather any shocks in the pipeline.


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#1 - Angela McCleary 2011-08-09 14:05 - (Reply)

Id like to see you mention what you are going to do about the ETFs which are currently being railroaded through our system and onto farmers and our welfare system. All global warming ETFs will cost NZ far more then if we didnt do anything at all about carbon taxes. The people involved in supporting climate change i.e. the scientists and political advisors are liars and should be investigated as fraudulent and corrupt. The cost to NZers ,if this scheme is implemented, will far outway the benefits. Lord Monckton lectured the Prague School of Economics May 2011 suggets points that..." high abatement costs and zero returns in warming and the opportuity cost of diverting trillions of dollars to mitigation is heavy, the question arises whether mitigation should be attempted at all".If you had made availble your time to listen to his most eloquent speaker,you would have been given NZ statistics. He was most convincing to all that attended and no argument or debate from opposing factions was given as Lord Monckton would have run circles around them. I have in my possession an economics paper outlining the negative effects of ETFs on our economy. I will attempt to get this to you directly.

#2 - Digby Green said:
2011-08-29 16:42 - (Reply)

Great news that we are only borrowing 100 million week down from 300 million. I see that you are relying on Treasuries prediction of 170,000 more jobs over the next few years. That would wipe unemployment entirely and result in a great saving in unemployment benefit and more tax revenue for the government. But given how useless Treasury have been in their forecasts over the last 20 years I think you are unwise to base your income on their predictions. Aside from Christchurch what is going to drive that growth ? Resthome care ? Maybe some Treasury staff should be sacked for the unreliable work. Too many there on 100,000's of thousands of dollars for playing with spreadsheets.


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