Dairy won't do it... We can prioritize luxury tourism, but locals need to change their frankly racist, xenophobic perspective to make it work... And I don't want NZ to just become a big Queenstown! 🤮 It's tough! Agriculture and beautiful landscape are underrated, economically. Money isn't everything, mind you. I prefer recession to American "economy at all costs" policy! People and planet first
another "expert" knowing more than any actual expert in this field...no mention of the massive redundancies, companies exiting NZ, public sector job losses in the 1000s, etc etc....
Ah, if you go to Stats NZ. Domestic inflation was 4.85%, and food inflation 10.4%. Petrol went down 8%. It was always wordwide inflation. This was predicted. Treasury predicted weak growth, but National took that and drove the economy into the ditch. The cost of the ferry shambles is still to be felt.
Other countries like Australia & the UK had higher inflation than us during Covid but did not adopt an austerity program like National. This is why they are now all ahead of us.
Who would have thought austerity & a lack of gumption would tank the economy ..... but don't worry I'm sure they'll borrow enough money to try and win the next election....
NZD is absolutely plummeting. All this means paying more for imports, so more money on petrol, groceries and going on holiday. They ran on improving the economy and one year in it's only got worse.
It’s more about the USD going up than the NZD going down. We don’t have any control over that. Expect the USD to keep going up for a while yet, then some point it will go down very quickly. That’s when you need to panic. Also remember that a low dollar is good for our exports which is good for our economy ultimately.
I just came back to NZ after having worked a wine harvest in the UK, I was away for 5 months. Kiwis really don't know how well they have it. I know it sure as hell doesn't seem like it, but you really have to leave NZ (if even briefly) to grasp it.
@@MrCykotickiwi I think there are make problems... Especially the obscene incentive to tax cuts and short term priority over long term... But I would also acknowledge, we the people of NZ need to take responsibility. No government for our entitled, lazy and low education "tall poppy"culture. Also, as much as we have gotten the economics wrong, we still have obtained a good quality of life. Bet blessed in this country, to be honest
Labour Adern Hippocritcerns et al started it by borrowing, and scamming the people of NZ. Nat are riding the wave., and will keep doing so until a the dire tipping point of utter mass societal breakdown (happening now, you just dont see it).. as long as they make money scamming the masses, they will keep making more while they can.
they loaned 2.1 billion for the last lot to buy the dumb voters off andddd they will do it again, NZ sheep voters are too easily lead by their ignorance.
The mis management of what is meant to be a buisness orientated gov. We need more housing infrastructure etc do we need to have a payout on houses, tax rebates on an overpriced housing?
Overpriced housing ? The houses are based on what a foreigner can buy one for. A indigenous kiwi (work here all life paying taxes) cannot afford current foreign pricing. Foreigners never contributed to the utilities that built our country for our children, they sponge off what history built, and that is why a long term kiwi, or child cannot compete in a world market. NZ has sold out to the highest bidders, and the country will go downhill. simple.
Business oriented government what a perception. Actually they like giving easy money and free rights to big international corporates who the leaders are friends with.
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why do they say inflation under control if the dollar drops anymore, we pay more, inflation on imported goods, all inputs that go into manufacturing, more likely the reserve bank may well pause any rate cuts
You can thank labour for spending every dollar we didn’t have. That being said, current government ain’t flash either, but labour was hopeless with money
A section of the population who was the greatest supporter of the food court industry are declining so more emptier eating spots and struggling small businesses owners
Spending is what got us into this hole, combined with excessive tax closing smaller businesses down. As a small business owner I can assure you that after all our expenses and taxes we keep less than 10% of the turnover. Would be easier just to go work for the government and earn the same for doing much less. However that is what happened in places like Greece where school leavers only had one ambition go work for the state as Police, nurse, teacher or some other government job. Eventually nobody is earning any money for the country and the house of cards comes crashing down.
Stuff always dumps on National and swoons over Labour - don’t expect it to report on anything negative about Labour or positive on National. Bought media.
It's actually because hundreds of thousands of people splurged on housing in 2020-2021 pushing house prices and rents up like crazy. Yes, the government spent more; what did you want , mass unemployment, thousands of business failures? We have a structural problem in our economy, where we overweeningly invest in housing for gain, because of favourable conditions . Those need to be reduced and investment in business favoured instead. The current government has done the opposite by giving huge tax breaks to landlords and cutting investment in infrastructure.
If you all really believe in a God, and know by Heart what is correct and what was corrupted in the Sunday book. In Isaiah 11:6-9, have a look at what it says. Now visualise that world, what are we doing wrong for so long that the Golden Age promised to us won't ever be granted unless what is required in those verses are met. What are those requirements? Actually part of the Ten Commandments, but notice, that Law has no particulars on it, only the action,
and go back to what started this mess? No one will do that! Even Adern knew she pushed people to their utter limits, which is why she quit early. Labour has no hope of reigning that pyscho carnage on Kiwis ever again thankfully!
That’s what happens when the economy has been driven on property speculations for the past 2 decades without actual productivity growth
On the money
Dairy won't do it... We can prioritize luxury tourism, but locals need to change their frankly racist, xenophobic perspective to make it work... And I don't want NZ to just become a big Queenstown! 🤮
It's tough!
Agriculture and beautiful landscape are underrated, economically. Money isn't everything, mind you.
I prefer recession to American "economy at all costs" policy! People and planet first
another "expert" knowing more than any actual expert in this field...no mention of the massive redundancies, companies exiting NZ, public sector job losses in the 1000s, etc etc....
Inflation under control. My food prices keep rising , fuel costs are high, what?
Ah, if you go to Stats NZ. Domestic inflation was 4.85%, and food inflation 10.4%. Petrol went down 8%. It was always wordwide inflation. This was predicted. Treasury predicted weak growth, but National took that and drove the economy into the ditch. The cost of the ferry shambles is still to be felt.
Who are they trying to con? We have been in a recession for years since covid and its turning into a depression.
and why tf would we wanna buy a $12,000 bike in a recession.
😂
Other countries like Australia & the UK had higher inflation than us during Covid but did not adopt an austerity program like National. This is why they are now all ahead of us.
In what metrics?
Australia has sky high rents. The UK is a joke.
At least I enjoy my life in New Zealand. We don't know how lucky we are
Nz is going down the drain
Who would have thought austerity & a lack of gumption would tank the economy
..... but don't worry I'm sure they'll borrow enough money to try and win the next election....
They have already borrowed billions to pay for handouts for landlords
The fact I know people that Voted National and then when things went belly up they packed up and moved to OZ 😅
Labour ruined nz and left a lot for national to fix
Maybe we should start saving to bail the banks out again LOL
@@aarongraham6017 So what has national done to fix it?
Wow…shock horror. Who would have guessed. The only people who didnt already know this were the economists.
Luxon is supposed to be a businessman. Check the value of the $NZ to foreign currency.
yep, on the way down will add imported costs, fuel the lot
NZD is absolutely plummeting. All this means paying more for imports, so more money on petrol, groceries and going on holiday. They ran on improving the economy and one year in it's only got worse.
Like 1usd equal to 1.70 nz
It’s more about the USD going up than the NZD going down. We don’t have any control over that. Expect the USD to keep going up for a while yet, then some point it will go down very quickly. That’s when you need to panic. Also remember that a low dollar is good for our exports which is good for our economy ultimately.
@Pid75 usd good investment? I have a few k I bought when it was 1usd for $1.5 NZ
NZ fast becoming a low income state
We have been one since the 80's
Crash and burn. Luxon did the same at Air NZ.
I just came back to NZ after having worked a wine harvest in the UK, I was away for 5 months.
Kiwis really don't know how well they have it.
I know it sure as hell doesn't seem like it, but you really have to leave NZ (if even briefly) to grasp it.
nope
It is a pity we follow the UK model... things are going to get worse for us. We will become more like the UK/US
Under the govt of fiscal prudency 😱 making New Zealand great again 🤮🤮
Labours doing
@@Edgycoo Nationals doing
Keeping National OR the labour party in power as we have always done should fix it....................................................
Do you think the Green party will?
I agree we need to increase taxes, but we also need to find productivity increases somehow
@@growtocycle6992 I dont have faith in any of our parties. I dont have faith in democracy... it has failed.
@@MrCykotickiwi I think there are make problems... Especially the obscene incentive to tax cuts and short term priority over long term... But I would also acknowledge, we the people of NZ need to take responsibility. No government for our entitled, lazy and low education "tall poppy"culture.
Also, as much as we have gotten the economics wrong, we still have obtained a good quality of life. Bet blessed in this country, to be honest
National should be ashamed of themselves.
Labour should be ashamed of themselves... utter disgrace ..
They're all crap
Labour Adern Hippocritcerns et al started it by borrowing, and scamming the people of NZ. Nat are riding the wave., and will keep doing so until a the dire tipping point of utter mass societal breakdown (happening now, you just dont see it).. as long as they make money scamming the masses, they will keep making more while they can.
@@de-nz4jp How is it the opposition's fault? They are out of power.
They were supposed to turn the country around and now they're in recession 😅 Nice job Luxon
what the hell was this add for an E bike?!?
Felt like it.
Tax cuts in a deficit is preposterous!
they loaned 2.1 billion for the last lot to buy the dumb voters off andddd they will do it again, NZ sheep voters are too easily lead by their ignorance.
The mis management of what is meant to be a buisness orientated gov. We need more housing infrastructure etc do we need to have a payout on houses, tax rebates on an overpriced housing?
They are a business oriented government. Doesn't mean that they're an economy oriented government.
Overpriced housing ? The houses are based on what a foreigner can buy one for. A indigenous kiwi (work here all life paying taxes) cannot afford current foreign pricing. Foreigners never contributed to the utilities that built our country for our children, they sponge off what history built, and that is why a long term kiwi, or child cannot compete in a world market. NZ has sold out to the highest bidders, and the country will go downhill. simple.
Business oriented government what a perception. Actually they like giving easy money and free rights to big international corporates who the leaders are friends with.
Been in an up and down recession for a while...
Hell even Keys copped 1😂
1:01 The Streetdog50 is the ultimate urban electric motorbike. $12,000
made in Hamilton, NZ , now selling in Australia
Combing electric responsiveness with a cafe racer fit and modern features like touch-screen .
The Streetdog80 is the faster version of the Streetdog Classic. Made to order in limited batches out of New Zealand, $14,500.00 · In stock
reserve yours now or book a demo ride!
Entrenched economy contraction. A spectacular result of mainly still-high interest rate and massive government spending cuts !
This isn't high interest rates...
why do they say inflation under control if the dollar drops anymore, we pay more, inflation on imported goods, all inputs that go into manufacturing, more likely the reserve bank may well pause any rate cuts
You can thank labour for spending every dollar we didn’t have. That being said, current government ain’t flash either, but labour was hopeless with money
A section of the population who was the greatest supporter of the food court industry are declining so more emptier eating spots and struggling small businesses owners
Interest rates need to cut by 100 basis points or more in February. That will get the wheels churning.
Anyone still "following" these media messages are sleepwalking into oblivion
What tunnel?
weird bike ad
kiwis love to crib , they dont know how bad it is out of NZ .
Spending is what got us into this hole, combined with excessive tax closing smaller businesses down. As a small business owner I can assure you that after all our expenses and taxes we keep less than 10% of the turnover. Would be easier just to go work for the government and earn the same for doing much less. However that is what happened in places like Greece where school leavers only had one ambition go work for the state as Police, nurse, teacher or some other government job. Eventually nobody is earning any money for the country and the house of cards comes crashing down.
Housing speculation is unproductive and a drain on the economy, don't tell national tho
ummmm you do know that they have made 1000s of govt workers redundant????
Couldn't have happened to a nicer bunch
Stuff you are always pulling us down, where is the good news, just like the mainstream news channels..doom and gloom .
Stuff always dumps on National and swoons over Labour - don’t expect it to report on anything negative about Labour or positive on National. Bought media.
Any official cash rate cuts equals lower interest in lending and greater inflation of prices for goods and services.
Secondary school Economics 101 🤪
The NZD dollar is about to flyyyy babyyyy
yeah down
When am I going to get my reparations from losing my career to Labours vaccine mandates?
How many tin foil hats will you accept as compensation?
Grant Robinson now earned 12 thousand a week while everyone else broke because of him and Cindy
It's actually because hundreds of thousands of people splurged on housing in 2020-2021 pushing house prices and rents up like crazy. Yes, the government spent more; what did you want , mass unemployment, thousands of business failures? We have a structural problem in our economy, where we overweeningly invest in housing for gain, because of favourable conditions . Those need to be reduced and investment in business favoured instead. The current government has done the opposite by giving huge tax breaks to landlords and cutting investment in infrastructure.
It's wrong so wrong that Grant Robertson could do that to this country
If you all really believe in a God, and know by Heart what is correct and what was corrupted in the Sunday book. In Isaiah 11:6-9, have a look at what it says. Now visualise that world, what are we doing wrong for so long that the Golden Age promised to us won't ever be granted unless what is required in those verses are met. What are those requirements? Actually part of the Ten Commandments, but notice, that Law has no particulars on it, only the action,
Rubbish.
ATLEAST WE DO NOT HAVE MAGA MADNESS.......YET!!!
Labours doing.
Maybe the Charter Schools could teach you how to spell.
Pleeease Vote Labour
NEVER AGAIN
Labour is the reason i left nz they caused more debt than any govt in history . Ty to jacibda .
U vote labour u will end up pay 50 percent tax . Labour are proven to be ahit time and time again ... Unless u on the dole they will help
@@roya9712yeah right... could believe you if not for umm numbers & facts... you sure you want to stand by NZ had the biggest... USA(cough cough)
and go back to what started this mess? No one will do that! Even Adern knew she pushed people to their utter limits, which is why she quit early. Labour has no hope of reigning that pyscho carnage on Kiwis ever again thankfully!
Labour has doomed this country into so much debt.....that it won't recover in near future....
How
John Key has doomed this country into so much debt
New Zealand is a country, not a dairy. The debt bogeyman is something that gets dealt with in the longterm and should always be viewed like that.
Yeah that's why national borrowed another 10billion to give tax cuts
Yet national borrowed more than labour did in their final term ( gave a good chunk to landlords, rents didn't come down like they said )
Jacinda and hipkins must be very proud of what they did to nz economy
John Key has doomed this country into so much debt😂😂😂 says a NACTer
Key let the Chinese in and buy up NZ property to the point it increased demand so house prices became so inflated