Stupid World

[mashman]

Pretty sure at about 3.33 the guy says you need to be a shapeshifting alien to be a ForEx trader

3:33 you say

[blue rider]

Austerity is obviously working in Spain.

[mashman]

Austerity is obviously working in Spain.

Belgium too.
Verona are seeking independence, whilst Catalonia are looking at being told no by to independence by the Spanish Parliament....

The downside is that independence isn't going to change what's going on in that region for a myriad of reasons. I guess they have to go through the motions first.

[jonbuoy]

Austerity is obviously working in Spain.

Yes it is working they don't need the same level of bailout as Greece or Ireland, lot of people still suffering but less than if they had taken a bigger bailout.

They have had a lot of good schemes. One excellent one - if you get made redundant/unemployed and you can come up with a buisiness plan to go self employed or start your own business the government will pay you your two years dole "up front" in one lump to help get you going.

[blue rider]

we should legalise slavery, it would be an awesome business model

http://articles.economictimes.indiat...attrition-rate

[Ocean1]

we should legalise slavery, it would be an awesome business model

http://articles.economictimes.indiat...attrition-rate

Actually it'd be shit. For the same reason India is losing its trade, lack of a trained and willing workforce.

But don't let your complete ignorance of business best practice stop you whining about it.

[mashman]

business best practice

[SPman]

Speaking of best practice......

Does borrowing fifty billion dollars over the last six years mean the Nats are bad with money? I don’t think so. We had an external shock in 2008 (the GFC) and then a massive earthquake, both of which had a huge negative impact on our economy. Interest rates for the government to borrow on the international markets were super-low during this time, so borrowing money was actually a really smart thing to do. We probably should have borrowed more and invested it in infrastructure instead of selling our energy companies and frittering money away on National’s tax switch, which cost billions and totally failed to stimulate the economy.


And I suspect Russel Norman would agree with that. What Russel is responding to here is the massive gap between National’s economic rhetoric and the stuff it actually quietly does. Yes, John Key and his Finance Minister Bill English have borrowed $50 billion dollars from overseas investors over the last six years. But John Key and Finance Minister Bill English have also spent the last six years roaring with horror at the economic plans of Labour and the Greens who want to BORROW MONEY from OVERSEAS INVESTORS! That’s why asset sales are so important, according to English – it’s the prudent, sensible alternative to BORROWING MONEY from OVERSEAS INVESTORS which will wreck the economy, except for the $50 billion he borrowed which was FISCAL and PRUDENT.


Likewise government spending. Interest rates went up recently and the Governor of the RBNZ has forecast more rises over the next two years, so we’ve heard some very stern warnings from English and Key about how the policies of Labour and the Greens will CAUSE INTEREST RATES TO GO UP! We’ve also heard a lot of dire warnings from Bill English about GOVERNMENT SPENDING. So here, via Treasury, is English’s record of government spending over his tenure as Finance Minister:


Again, having the government spend money during an economic down-turn and period of national crisis is a good thing to do. You just don’t get to do it while simultaneously thundering about how the opposition parties want to spend money, which will destroy the economy. Or rather, National does for some reason.


The point I’m trying to make here is that almost every statement Key and the Finance Minister make about the economy is nonsense, pure disinformation dipped in hypocrisy, sprayed with drivel and then airbrushed dry with horrible fucking lies. That’s not part of the conventional wisdom though, especially among political commentators who all have Bill English as a straight-talking dour, fiscal, prudent conservative instead of a big-spending, big-borrowing outrageously dishonest hypocrite who vomits out floods of obvious lies every time he opens his mouth.

It’s a big problem for the opposition. In macro terms National has done pretty-much what Labour and the Greens would have done – with some obvious exceptions like the tax cuts – but pretended that they’ve done the opposite, and warned the country that Labour and the Greens are going to introduce fiscal policies which are basically identical to National’s but which National warns will destroy the economy. It’s all such a gigantic, egregious yet successful lie that countering it is all but impossible.

[mashman]

Speaking of best practice......

They also campaigned against labour borrowing $20 billion if memory serves.

Does anyone know what replaced the E3 New Zealand Overseas Debt figures? I've heard tell we're up to $70 billion, but the RBNZ E3 data was discontinued in June 2013

[Ocean1]

Oh look: the single most ignorant person in the country on matters commercial or business.

Let's listen closely to what he has to dribble....

Speaking of best practice......

And you're proposing that governments, who's very survival depends on spending other people's money largely without constraint are some sort of model for business, who's existence relies on spending less than they earn?


Wild stab in the dark, here, but you're not closely involved in any sort of business, are you?

[mashman]

Oh look: the single most ignorant person in the country on matters commercial or business.

Let's listen closely to what he has to dribble....

Wild stab in the dark, here, but you're not closely involved in any sort of business, are you?

oh ironing.

[blue rider]

interesting read

http://www.forbes.com/sites/jessecol...d-in-disaster/

7) Finance, not agriculture, is New Zealand’s largest industry

Though New Zealand is commonly thought to be an agriculture-based economy, this couldn’t be further from the truth. Agriculture accounts for only 5.1 percent of New Zealand’s GDP, while the finance, insurance and business services sector is the country’s largest sector, contributing 28.8 percent to the GDP. Furthermore, banks account for 80 percent of the total assets of New Zealand’s financial system. Not only is New Zealand’s banking system dangerously exposed to the country’s property and credit bubble, but so is the entire economy.

11) Government overseas debt has nearly tripled since 2008

New Zealand’s government took advantage of the plunging yields on its bonds (which is courtesy of the global QE and ZIRP-driven bond bubble) after the Global Financial Crisis to nearly triple its overseas borrowing:

what eva .....

[jonbuoy]

China's biggest trading partner for exports is Europe/USA. NZ/AU biggest export partner is China Because of the debt crisis USA and Europe have slowed on buying from China. China is heading for a credit crunch as it expanded and borrowed massively off the back of huge exports to EU/USA. The GFC Is just heading to a second stage.

[Brian d marge]

interesting read

http://www.forbes.com/sites/jessecol...d-in-disaster/






what eva .....

oh ironing.

Oh look: the single most ignorant person in the country on matters commercial or business.

Let's listen closely to what he has to dribble....



And you're proposing that governments, who's very survival depends on spending other people's money largely without constraint are some sort of model for business, who's existence relies on spending less than they earn?


Wild stab in the dark, here, but you're not closely involved in any sort of business, are you?

Says you
You whohave zero grasp on finance and the economy

Sent from my SC-01F using Tapatalk

[Akzle]

interesting read

http://www.forbes.com/sites/jessecol...d-in-disaster/






what eva .....

doncha know, y' have to borrow... Cos its good for... jews.