Blog Bits
April 6th, 2008 at 4:29 pm by David FarrarPoneke has a vigorous debate on his blog about a BBC story that cast doubt on the extent of global warming, and how the BBC then changed its story.
Bernard Hickey writes on why the Reserve Bank should not yet lower the cash rate. I agree with him that there remain domestic inflationary pressures.
Bridget Saunders has an amusing blog on who are the real men. She names as real men – Richard Sigley, Rodney Hide, Matthew Ridge, Pat Rippin and Dave Henderson. Non real men are Brent Todd, Tea Ropati, Daniel Moyes, Helen Clark and Julie Christie.
Politico look at the possible VP choices for Obama.
Tags: Barack Obama, Bernard Hickey, Bridget Saunders, Climate Change, Interest Rates, Poneke, Reserve Bank
April 6th, 2008 at 4:48 pm
Your clock hasn’t changed – you are an hour fast.
Vote:April 6th, 2008 at 5:20 pm
Poneke IS a woman though, right?
Vote:April 6th, 2008 at 5:38 pm
Interesting comment on Bridget’s blog by the Trickster;
Also,” I’d nominate the Gerald Hope (Dad of Olivia Hope) who (whether right or wrong) is standing up for Scott Watson as he thinks the conviction is flawed.”
I second that and I would like to nominate Scott Watson’s dad.
What toilet does Helen of Troy use?
Vote:April 6th, 2008 at 5:53 pm
That real men blog post sounds like she’s talking about me. Notice that 2 of the 5 real men are ACT members – same with me.
Vote:April 6th, 2008 at 6:01 pm
I would have said Bernard Hickey writes about how Labour has created high levels of domestic inflation that are irrelevant to domestic demand. And hence why Bollard should cut rates:
endemic increases in government charges, fees and taxes at both local and central government level
introduction of an emissions trading scheme
Now of course it will be interesting to watch the lefties try and dispute this with the “strong wages growth” comment while still defending their position that wage intervention is required…?
Vote:April 6th, 2008 at 6:37 pm
it getting difficult to tell the time, but the sun still out, and i thought we was supposed to go back in time
Vote:into a dark helengrand winter black out routine,
I read in the sunday news about James Lovelock [ Gaia theory ] he say we shagged regardless of earth hour lights off plastic bags bullshit all deaded soon
April 6th, 2008 at 7:39 pm
The deification of David Henderson is quite amazing. Sure he stood up to the IRD.
He also lost Merchant Banks – offshore and NZ- several million dollars. That is nothing to be proud of.
He stood up to the IRD at whose expense?
Vote:April 6th, 2008 at 7:51 pm
Umm… how about his own, you stupid bitch.
Just fuck off and die if you can’t comprehend someone fighting being bankrupted for tax they didn’t owe. You cynical cunt.
[DPF: And that is 35 demerits. Came close to being 50]
Vote:April 6th, 2008 at 7:58 pm
Just f%^& off and die if you can’t comprehend someone fighting being bankrupted for tax they didn’t owe. You cynical c%*#.
Either Blair is drunk, or suffers from a potty mouth that needs prozac or ritalin to cure. Blair, while DPF might demerit you for your tasteless behaviour, how about you actually sit down and think about how you might like to engage with adults. Especially if you intend to stand for ACT this election.
Vote:April 6th, 2008 at 8:04 pm
Blair you are an ill bred lowlife. I know standards have fallen but if you can’t respond to a reasonable comment without resorting to abuse of that nature then it is a sad commentary on who-ever brought you up.
Vote:April 6th, 2008 at 9:10 pm
Well said Sushi and Baxter.
Vote:April 6th, 2008 at 9:27 pm
I’m just sick of this woman and her irrational trash talking of decent people trying to make their way in life. It’s not a reasonable comment – the guy lost his house and she questions his right to challenge the mighty state?! That’s worse than fascist. I am hard on her because she knows better. What she said was more offensive than any abuse I could dish out to her. She’s just being a bitch for the sake of it, and I for one am not amused.
Vote:April 6th, 2008 at 9:56 pm
Rubbish Blair. You were self-indulgent and immature. As for irrational trash-talking, I’ll add hypocritical to your list of faults with your telling her to “f*ck off and di”e and calling her a “cynical c*nt”. (unless you want to defend your language as the work of rational debate)
Ruth’s comments were entirely reasonable (at least when compared to yours). You could have easily made your point without having resorted to gutter filth language, such as saying “Merchant banks gladly entered into a financial contract with Henderson. Risk is a part of the 2nd tier moneylending business, so if they lost money, that’s their problem. Henderson’s fight against corrupt and vindictive bureaucrats is another matter altogether, and the man deserves credit for how he both challenged a broken bureaucracy and bounced back as a businessman”
What she said was more offensive than any abuse I could dish out to her.
Plainly, thats not true. Her comments might have been wildly incorrect, but you hardly took the opportunity to correct her. All you did was open your mouth and let loose with foulness – and, ironically, build sympathy for someone who should have been challenged over her comments.
Vote:April 6th, 2008 at 10:08 pm
It’s not about one comment Sushi, it’s about a history of this woman spreading her vile bullshit across the blogosphere.
I’m sick of her and I’ve had enough.
Vote:April 6th, 2008 at 10:27 pm
p.m.t..?..
blair..?
(sheesh..!..)
and an act candidate..?..
y’say..?
phil(whoar.co.nz)
Vote:April 6th, 2008 at 10:56 pm
The problem here is that the interest rates are far too high so according to Bernard it is a choice between high interest rates and high inflation and he would rather we have high interest rates than high inflation. Yet Bernard notes that our currency is supported by currency traders “who are in New Zealand dollars simply because our interest rate differential is so wide.”
Our dollar is massively overvalued because our interest rates are too high. Surely that is a worse evil?
Bernard thinks high inflation would be disastrous because it would devalue all the debt that the country has taken on the last few years – to my mind that is a reason in favour of high inflation not against it.
Bernard says that inflation erodes the value of savings – possibly true, but house prices rising at 10% a year have also made saving a loser’s game for anyone saving for a house.
The problem here is that there is too much debt. That is our biggest problem – and short of a legislative write off or write down of the debt the next best way to get rid of it is with high inflation.
The other upside of high inflation is that it makes lenders more cautious – surely that would be a good thing.
Vote:April 6th, 2008 at 11:00 pm
Also because our Banks are overseas controlled we don’t need to be worried that their borrowings from the wholesale market are denominated in US$ (I assume), as the fact that the $NZ drops will mean that it is these overseas controlled entities that will take the loss.
Vote:April 7th, 2008 at 4:14 pm
Ruth says
“The deification of David Henderson is quite amazing. Sure he stood up to the IRD.
He also lost Merchant Banks – offshore and NZ- several million dollars. That is nothing to be proud of.
He stood up to the IRD at whose expense?
this is absolutely truly off subject Ruth and I could get demerit points here, keep watching finance and mn them things , confidence is one thing and reality is another, GST is a tax what you supposed to pay, without having 82 Companies like them slick people,we got a market Mayor down here, keep watching Ruth,it not good, more worser to come yet,
Vote: