Comments on: 10% food inflation, Fed rallies on hope inflation is over and report on Orr a blame game of grandstanding

By: billid

billid — Sun, 13 Nov 2022 05:04:12 +0000

modern food is an industrial system of inputs and outputs – it’s all diesel and phosphate. it’s all needles and plastic.

By: Nikorima

Nikorima — Sat, 12 Nov 2022 23:34:22 +0000

If Orr has enabled Aotearoa to achieve the Lowest inflation rate in the world (lower than Oz now), record lowest unemployment, record export receipts, 10,000 new social houses, record milk fat prices, on the back of a 1 in 100 pandemic, rising oil prices, horrific warfare in Europe, Climate change disasters in NZ and around the war, why should Orr be replaced. The whole thing is a Tory dirty politics promotion/beat-up with the media and “retro joe” economists, embarrassed that they never got anything right during the Pandemic. Aotearoa is a country foreigners look up to, I don’t mean the hard right economists and lunatic media that comment regularly from oz and uk. Jacinda is a true leader young and forward looking, not like Luxon and his motley crew of neo-liberals only concerned about $$$$ and not the “bottom feeders”, unemployed, poor, homeless, poverty, social housing (haven’t added the NZ stock for nearly 30 years), superannuants, beneficiaries, etc. Anyone but the natz and act.

By: Andrew

Andrew — Sat, 12 Nov 2022 22:57:33 +0000

A failure of capitalism or a failure of government interventionism?

The current inflation is an own goal by governments that imposed largely pointless and oppressive lockdowns then had to print money to pay for it all.

It’s also a result of the Europeans allowing themselves to become reliant on Russian gas. How are those climate change policies working out for you Europeans? I hope you fucking freeze this winter because you deserve it!

By: Fantail

Fantail — Sat, 12 Nov 2022 07:05:58 +0000

Bernard Hickey sums this up beautifully and non partisanly on the Kaka today. Go there for a free to non subscribers in depth review.

Basically pros and cons but concludes the Govt and RB are hand in glove and that they are deaf to the needs of the country in any wider sense.

By: Fantail

Fantail — Sat, 12 Nov 2022 06:55:53 +0000

Agree

By: Nitrium

Nitrium — Fri, 11 Nov 2022 23:38:50 +0000

In reply to Keriman. This is correct. Once Biden can no longer run down the SPR to goose oil prices (and he's getting very close to the minimum allowable reserve now), petrol/diesel prices will spike. Given that energy is behind every $ or GDP, you can expect inflation to resume (literally nothing can be manufactured/delivered/mined without energy which will continue to be fossil fuels for the foreseeable future because they are a fraction of the price of alternatives even if they double from here).

By: Paul+Bieleski

Paul+Bieleski — Fri, 11 Nov 2022 19:24:22 +0000

The calculation of the CPI keeps changing. About a half a century ago after the Department of Statistics had been modifying the program as usual, it was found that there was an error in the calculation. The changing program was not well maintained so the error in the source program could not be traced. Special software had to be imported to de-construct the machine language program with synthetic block diagram. I think they managed to fix the problem before the politicians got to know about it.

By: Tiger Mountain

Tiger Mountain — Fri, 11 Nov 2022 19:04:23 +0000

“…we have to seriously start asking deeper questions about where capitalism is going.”

No Shit…really, is there a slight problem with monopoly capitalism or something?

By: saveNZ

saveNZ — Fri, 11 Nov 2022 18:57:23 +0000

Don’t worry we have plenty of 1 million dollar plus spec houses that workers working on NZ wages can’t afford.

Our wages are lower than OZ and Singapore while our interest rates are much higher. Rents are lower than other countries, but when people can come into NZ and also sponsor in visitor permits for partners and children based on a family income of NZD $43k a year, clearly there is a problem, Houston. https://www.immigration.govt.nz/new-zealand-visas/apply-for-a-visa/tools-and-information/work-and-employment/employment-skill-bands/employment-skill-bands-for-essential-skills-work-visas

Don’t worry apparently there is a cruise ship with 800 Covid cases about to disembark in OZ. Really???? Seems like there is not much sense or interest in protecting the economy these days from government Dimwits and Neolibs around the world. https://www.nzherald.co.nz/world/majestic-princess-cruise-ship-with-800-covid-cases-set-to-disembark-in-sydney/R4QFZFCNFJED7IVZ5DV635WXJA/

Start growing vegetables – between another outbreak of Covid, lower and lower wages and outrageous food prices, sounds like it is necessary.

By: Keriman

Keriman — Fri, 11 Nov 2022 16:27:01 +0000

In reply to Keriman.

I can’t edit my post
typo correction………..’and instead’ used…..