Wellington City, New Zealand
Joined October 2009
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Luxon said at his stand-up today that the interest rate on Government debt is 4.93%. The PREFU figure, using Treasury's Fiscal Strategy Model for 26/27, is an effective rate of 3.89%.
Simeon is going to be very upset when his staffers tell him he has to stop speaking 48-hours before polling day.
Luxon and Simeon are sounding more and more hysterical each and every day. The RNZ/Reid Research poll must be right.
Once again, inflation excluding vehicle fuels would have been inside the RBNZ target band at 3.0%, instead of 3.7%. The case for electrification and getting off imported fossil fuels has never been stronger.
stats.govt.nz/indicators/con…
The last Chris vs Chris debate really captures the state of the election. All the questions are: “What are you going to do Mr Luxon” followed by “well we’re are not going to do what Hipkins did.”
Ryan Mearns retweeted
Made this graph the other day to get an idea of how ungodly expensive the current crop of RoNS are based on Infrastructure Commission research.
Compare the cost per lane km, with some 50th percentile benchmarks.
Red is post 2023 roads in NZ, yellow pre 2022, and green OECD.
Ryan Mearns retweeted
The Infrastructure Commission suggested that Mill Road would not be needed from a capacity standpoint until at least 2055
Ryan Mearns retweeted
The government only just cancelled Mill Rd two months ago.
They officially pushed it out decades.
Did they cancel it so they could just reannounce it for the election.
How many times can they cancel it & say there’s no money for it then say it’s happening?
Not serious people.
The number of 18-24 year olds enrolled to vote is now just under where it was this time last election, using the enrolment closing date as the anchor—noting enrolment closed on election day last time.
The funniest outcome is surely Lee winning and Bishop or Willis not making it back as a result.
There's a high likelihood McClay thought this was Green MP Francisco Hernandez rather than Fernando Hernandez Espino from Both ENDS.
David is spending his election campaign writing fanfiction.
Imagine Chlöe Swarbrick flying to New York as Finance Minister and trying to convince the bond markets that New Zealand is a sensible place to lend money.
Chlöe has made it clear that Finance is the job she wants in a Labour-Green Government.
Our cost of borrowing would be whacked up after about five minutes of Chlöe Swarbrick talking about her Venezuela-style plan to nationalise supermarkets. That's before she gets to her plans to spend an extra $236.7 billion over the next Parliamentary term, or her plans to punish wealth-creators with a wealth tax.
The Greens aren’t shy about what they want. They want a much bigger Government, much more spending, more debt, and more taxes. Chlöe herself says she wants Finance because that’s where the power exists to ‘transform this economy’.
A Swarbrick-led Finance portfolio sure sounds like a circus act, but it's plausible because the direction of travel is the same for Labour and the Greens. The only difference is the Greens want to travel further.
ACT is pushing in the opposite direction: cut the waste and grow the country. Have the courage to find savings so that No New Taxes is both possible and sustainable.
We are campaigning to re-elect the coalition, while also making it go further and faster on the issues that matter – starting with balancing the books.
PREFU numbers are so optimistic. It's all downside basically. Nothing to note would lead them to be better than forecast.
