When you listen to people as they get upset about what National is doing to this country you hear a lot of them calling this government stupid, corrupt and greedy. While that is mostly correct and there are a lot of stupid corrupt and greedy people in our government today there is also some very […]
Tag Archives: Inflation
This morning Greece’s inevitable default finally made it into the NZ MSM. They didn’t actually point out that it was inevitable of course but it can no longer be avoided. Here is some more information you might need to get the broader picture: Portugal has been degraded to absolute junk -France was downgraded from AAA […]
If you want to know how much your tax has gone up since National came to power, here is the Inflation calculator for New Zealand. Just to give an example food has gone up 9.2% and that is not including GST
This is bad. The foremost credit rating agency of the country which has most to loose with a downgrading of the US is downgrading the US. If you want any more corroboration that the US dollar is going to be scrapped as the reserve currency you need a new brain, if the Chinese do not […]
You think prices are pinching you now?? “A ‘91-style meltdown is almost inevitable.” So says Alexei Moiseev, chief economist at VTB Capital, the investment-banking arm of Russia’s second-largest lender, discussing the imminent economic catastrophe that is sure to engulf Belarus following the surprise devaluation of the country’s currency by over 50%, which we announced on […]
According to Steven Toplis, head of research of the Bank New Zealand research department inflation has gone up and is expected to go up to a staggering 5.5 %. The bank states that this is the result of rising prices of fuel and food. This is a bizarre and untrue statement. Uncontrollable higher prices not connected […]
Now that could become an issue for those nice middle class citizens working their asses of to keep their heads above water in Auckland. Water bills are set to soar from $717 to $1711 over 10 years for the average Auckland City household to offset rate rises and boost the region’s water supply. Councillors and […]
While Bollard bollocks the Kiwi punters into believing that “the worst is over” while both he and John Key know full well that we are only at the beginning of the worst depression since the great depression the rest of the world is fully aware of the reality setting in. John Key has to keep […]
Inflation in the eurozone has climbed to 4.1 per cent, an all-time high for the single currency area, according to official preliminary estimates for the year to July. It stood at 4 per cent in June. At more than twice the official inflation target rate of 2 per cent, the news was accompanied by an […]
Robert Hirsch, senior advisor for Science Applications International Corporation, sat down with MSNBC’s Alex Witt to discuss the possibility of an upcoming oil crisis. Hirsch says that gas could reach $15/gallon within a few years because it is “essentially certain” the world has reached the maximum levels of oil production. “The problem is that there’s […]
Housing affordability during March was the worst it has been in at least six years as strong house prices and rising interest rates combined to squeeze mortgage holders. The latest Fairfax Media Home Loan affordability report shows the proportion of median take home pay required to service the mortgage on a median house rose to […]
