On 14 May 2018, Statistics New Zealand published an interesting analysis of how inflation has affected different parts of the population. The analysis was based on Household Living-Costs Price Indexes (HLPIs) and it covered 13 different household groups, comprising: Maori; beneficiaries; superannuitants; households in five income quintiles; and households in five expenditure quintiles.
Drawing in part from http://whynationsfail.com/summary/, we ask why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
10 years on - did it make a difference?
Yes, it's probably not core business and/or economic research. But following the true BERL ethos of Making Sense of the Numbers we comment as below.
So said Robert Burns, Scotland’s most famous literary figure, reflecting on seeing a louse on a lady’s bonnet during a church service. Roughly translated, Burns was saying how good it would be if we could view ourselves objectively.
It is with considerable disappointment that New Zealand and many New Zealanders – with political and economic commentators amongst the worst – continue to misunderstand debt and, in particular, New Zealand’s debt situation.
The first article in this series briefly explored who trades, noting that it is individual people and firms who trade, not nations. This article continues my description of trade from a fundamental perspective by exploring why individual people and firms trade.
The United States has elected Trump, Britain has Brexited with talks of exiting from the Common Market, and an agreement between the EU and Canada looks shaky. Clouds gather on the world of free trade as people express concern over international trade and nationalist sentiment rises.
Dr Ganesh Nana, chief economist and executive director at Business and Economic Research Limited (BERL), says the gap between Auckland and New Zealand prices is unlikely to be closing anytime soon.
To those inflation hawks that believe inflation continues to lurk in the dark shadows, please peruse the follow charts noting in particular …
Although the news has been less dominated during the past 12 months, or so, with talk of the global financial crisis and its aftermath, the IMF is still deeply concerned with the state of the world economy. Hence, the quotation above, which is the somewhat gloomy sub-title of the organisation’s World Economic Outlook, October 2014.