Mungo no understand.
The Green Shoots of recovery here, the Capitalism cheerleaders of the free market are popping the champagne bottles…
Pop the bubbly, the economic recovery is here (finally) – Liam Dann
…’survive until 25′ has become ‘we will all become rich dicks in 26’.
Glory, glory Hallelujah.
So why is this sobering report on the collapse of retail spending not making much news?
Boxing Day shopping falls 12.4% in 2025, loses title of most popular shopping day
Black Friday has surpassed Boxing Day as the most popular retail spending day for Kiwis, according to new figures.
New information released by payment network Worldline showed spending on Boxing Day across all non-food stores through their systems reached $51.2 million – down 12.4% on the same day in 2024.
Despite overtaking Boxing Day as New Zealand’s busiest shopping day, Black Friday shopping was down compared to the same day in 2024.
…Even the way the story is framed hides what an implosion on retail spending this represents!
I don’t think we have Economic Journalists anymore, I think we have cheerleaders for capitalism.
Capitalists live in a fantasy land where everyone has to be super positive because money is so emotional and when people lose it thanks to ideological experiments from Right Wing Governments, any business journalist who critiques too negatively gets their balls kicked in for spooking the stupid consumers.
Maybe, just maybe the terrible decision to smash the Infrastructure Pipeline Labour had built for public housing, hospitals, schools and roads in 2024 had a cascade impact on the economy that has scarred the market so badly that we are actually in for far worse damage than Laim’s cheerleading can acknowledge.
Maybe those ‘green shoots’ are really the dried snot of desperation?
New Zealand has always been 3 huge sparsely populated Islands that has always required the State to step in as the 40% foundation stone. National are trying to smash that up and hand over the funds to private interests, the way they are in Health.
The latest stats show Trucking, business investment and the delivery economy all slowing post the GDP numbers which alongside a weak retail season and more migration all spells for real trouble over a slowing first quarter of 2026.
Luxon promised us ‘growth, growth, growth’ last year, all we got was more people fleeing the country.
These new retail sales stats tell a totally different story to the one the Capitalism cheerleaders want to claim, the NZ Economy is is far more brittle condition than the NZ Herald wants to admit because vacant optimism is their animal spirit, like a stoned possum in the headlights.
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Economic journos are buffing the ordinary seasonal variation as if there were meaningful growth. None is yet apparent – and charlatans that pretend there is are hoping the election will distract readers from the ongoing failure to achieve even a fraction of the promised growth – Willis is still net negative, take inflation out & she’s a world-beating loser.
Look at the bottom line – nothing these clowns utter will spruik it – they’re toast.
Growth , growth , growth.
Lies , bullshit and insulting arrogance.
The reports on radio say the best outlook figure since 2014 .If you care about the poor then you should rejoice that times are finally getting better. November was a record sales month for the firm I worked for .They supply hospitality gear and most are looking at great growth for the coming year.