Summer chart series: How a land tax would affect incomes

Bernard Hickey presents a video in our summer chart series ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey presents a video in our summer chart series ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey presents a video in our summer chart series ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey presents a video in our summer chart series ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at how a once close connection between the value of houses sold in any one month and bank lending in that same month has diverged through 2008 and 2009. Banks are more reluctant to lend heavily on housing and credit growth has slowed to around 3% a year from over 15% at points in the housing boom from 2002 to 2007. Despite a pickup in activity and values in the housing market ...
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at the close connection in the past between house prices and consumer spending in New Zealand as home owners felt confident about spending as house prices rose. The Reserve Bank believes consumer spending is unlikely to rebound quickly through 2010, despite a 12% rise in house prices forecast in the year to March 2010. Rodney Dickens challenges the Reserve Bank's views ...
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at the close connection over a long period between consumer confidence and consumer spending. This chart moves forward confidence to show how it is a strong predictor of consumer spending. Consumer confidence has risen sharply in the second half of 2009, indicating a sharp rise in spending through early 2010, yet the Reserve Bank is sanguine about such an increase. ...
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at the prediction from the New Zealand Treasury that New Zealand's public debt to GDP ratio is likely to blow out to an unsustainable 223% of GDP without reform of the economy and the tax system. ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at how the tradeable sector (exporters and those competing with imports) has suffered since 2004 relative to the non-tradeable sector (government, real estate, financial services, health, education). The housing boom has redirected investment into housing at the expense of the productive sector, which is unsustainable over the longer term if New Zealand wants to ...
Author: ofInterestNZ; Tags: Bernard Hickey

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at how foreign owned firms in New Zealand often make higher returns on equity than locally owned firms, often because they are in dominant monopoly-like positions with higher debt levels. The average return on equity from a foreign owned company is 26%, while locally the return is more likely to be 12%, data collected by the IRD and submitted to the Tax Working Group shows. ...
Author: ofInterestNZ; Tags: Bernard Hickey Tax

Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at a chart showing a close connection between the gap between Australian and New Zealand real GDP and the size of the outward migration surges to Australia since the 1970s. Whenever the Australian economy is performing better than New Zealand's there is a rush across the Tasman. ... Bernard Hickey
Author: ofInterestNZ; Tags: Bernard Hickey