Comments on: Now Stuff are singing ‘always look on the bright side of life’ over ‘green shoots’ in the Economy https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/ Read the Other Side of the Story Thu, 16 Oct 2025 08:35:05 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Clive https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344461 Thu, 16 Oct 2025 08:35:05 +0000 https://thedailyblog.co.nz/?p=213147#comment-344461 In reply to Corrupt Gnat.

That’s the trouble with fucking trends they multiply

]]> By: Corrupt Gnat https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344460 Thu, 16 Oct 2025 00:32:10 +0000 https://thedailyblog.co.nz/?p=213147#comment-344460 In reply to Clive.

I’d say Trevor wasn’t in hospitality very long judging by his grammar?

“2ho”?

]]> By: Corrupt Gnat https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344459 Thu, 16 Oct 2025 00:30:40 +0000 https://thedailyblog.co.nz/?p=213147#comment-344459 In reply to Trevor.

The tired old dogma of “not good at business and restaurants are constantly opening and closing as trends change” gets trotted out every single time despite overwhelming evidence that the this government is responsible for the economy tanking. And by the way record numbers of businesses are closing, that’s not a trend pal. Oh and next time you have a fire at your house Trev, don’t call the fire brigade as they are in a “flux” state right now unless of course Trev you’ve been in the fires service for many years?

https://www.nzherald.co.nz/rotorua-daily-post/news/bay-of-plenty-firefighters-strike-goes-ahead-fenz-warns-of-delays-in-111-responses/T4QJKKY6UVE77EALMAOVF7WZMM/

Add in teachers striking and health workers striking and you will find there is a fucking trend all right!

]]> By: Clive https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344458 Wed, 15 Oct 2025 22:50:28 +0000 https://thedailyblog.co.nz/?p=213147#comment-344458 In reply to Trevor.

Yeah no worries eh trev sheel be right

]]> By: Champagne Socialist https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344457 Wed, 15 Oct 2025 21:06:47 +0000 https://thedailyblog.co.nz/?p=213147#comment-344457 Excellent article and gets to the dark heart of modern fiat currency based economies. The bond market does not dictate what a government can ‘borrow’ or spend – it is a construct or convention for setting the OCR and controlling the money supply – the amount of money in circulation. Bonds are viewed as a safe harbor benchmark asset by investors – bonds are a savings service provided to savers by the government.
All government spending happens through the creation of reserves at commercial banks by the RBNZ when instructed by Treasury to do so. These reserves are used to create deposits in the bank accounts of the private sector – teachers, doctors, nurses, police salaries, pensions, welfare payments, contractor payments etc.
All of these payments happen regardless of the amount of tax revenue or bond purchases – these come after the government has put new money into circulation through spending.
The idea that the government taxes and ‘borrows’ money to pay for spending is not what happens in the real world. If you think about – how did the government get money for the GFC and COVID when the private sector had collapsed? The money the government spends cannot come from the collapsing private sector – obviously. The government meets its commitments regardless of it’s income – it spends through the business cycle using it’s own overdraft – infinite reserves – at the RBNZ.

]]> By: Trevor https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344456 Wed, 15 Oct 2025 20:25:59 +0000 https://thedailyblog.co.nz/?p=213147#comment-344456 In reply to Corrupt Gnat.

Having been in hospitality for many years I found many great chefs 2ho are not good at business and restaurants are constantly opening and closing as trends change . No one I’d disputing times are hard but economy is always in flux and will improve in time.

]]> By: Corrupt Gnat https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344455 Wed, 15 Oct 2025 20:12:55 +0000 https://thedailyblog.co.nz/?p=213147#comment-344455 In reply to Trevor.

ACT and NZ First will be gone next election because of their racist nature. Any blogger attacking TPM is complicit in the act.
Any blogger constantly spouting the economy is on the right track needs educating and telling it to this guy…

https://www.nzherald.co.nz/lifestyle/top-chef-lesley-chandra-closes-ponsonby-fine-diner-sidart-after-award-win/4GK7ZBYEH5GYTI2NROMWEYNARA/

]]> By: UpsideDown https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344454 Wed, 15 Oct 2025 19:14:59 +0000 https://thedailyblog.co.nz/?p=213147#comment-344454 Yes! But don’t underestimate the blowback from the bond market. It’s possible to execute what you’re suggesting but I don’t think we have sufficient intellectual horsepower in treasury and strength in our politicians to navigate this. Chances are more likely this blows up in our faces rather badly.

The time to do this was in covid when the markets were very distracted – the “eye of Sauron” will be very much focused on NZ this time and I don’t doubt we’ll be made an example of.

]]> By: Steve https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344453 Wed, 15 Oct 2025 19:10:14 +0000 https://thedailyblog.co.nz/?p=213147#comment-344453 While it was a sensible idea in the 1930s, now we have the professional management class, who will take 40% of any spending for doing very little, so unless a new efficient system is introduced, any sovereign credit will just be used to increase the inequality in society.

]]> By: The Leftorium https://thedailyblog.co.nz/now-stuff-are-singing-always-look-on-the-bright-side-of-life-over-green-shoots-in-the-economy/#comment-344452 Wed, 15 Oct 2025 19:02:11 +0000 https://thedailyblog.co.nz/?p=213147#comment-344452 Fungus always grows on dead things, sometimes it is green.

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