ITS TOUGH BEING POLLYANNA

The NZIER doesn't even try to put a gloss on their latest quarterly report. Pretty dire but a clear recommendation for the OCR to be dropped again to bolster consumer spending.

Anyway read the report here
nzier report

Publish at Scribd or explore others: Research economy economic predictions

JOB SUMMIT AND FRIDAY ROUND UP.

We have been involved , one way or another in enough talk fests to sink a Cook Strait Ferry.

So despite staying positive we did harbour a few niggling doubts about the Job summit.
However we think some really good stuff has come out of it-
Bollard and English made it clear how bad things are. The problem is 390 time the size of the NZ economy.

And there was some very cool off the wall stuff. Weirdly we like the bike track idea. Creating a Bike track from one end of the country to the other But then with ma and pa resting up in Alexandra, we have first hand knowledge of the micro economy that surround the Rail Trail bike way.

We reckon little communities along the way can replicate the Central Otago Rail Trail. And we wonder if it can be linked to any projects increasing the reach of broadband.

So we quite like that idea - despite the fact that bike seats are swallowed whole by BB's ample derriere and are never seen again, biking is a good thing.

And we have already blogged extensively on four day working weeks. So the nine day fortnight gets a tick.

But the best part of the summit is that the economic crisis is a bit of a slow moving Tsunami and we have a bit of time ( not a lot but a wee bit ,) so the Summit has been a good starting point to get our economic shit together.
Everyone needs to play their part and the public service is no exception.
We think that the best thing the bureaucray can do is unravel all the regs and rules that stifle business and everyday life and quick smart. However we had heard that work is well underway on such stuff. We will report when we know more.

And for the round up.

• We have heard that four Labour backbenchers would have bailed from Parliament but the tight job market is holding them back.
• Should the poultry and seafood industries be grumpy that only beef sammies were served at the Job Summit?
  
• Will Dockside get a full house for the annual Bluff Oyster Lunch next week?
  
• What is the exciting new fishery the Seafood industry is exploring that will have foodies in ecstacy?
  
• Is there really a big problem with the Marlborough Blue Cod fishery?
  
• And Twits and Tweeters (Forest and Bird) is is sealing their reputation by carrying out a weird protest next week. We hear they will get a chilly reception.
  

OUR MONEY IS ON A 200 POINT DROP BY BOLLARD

Why? He has the balls, things are bad and everyone else around the world in his position has been ballsy.

SOUTHERN CONSERVATISM PAYS DIVIDENDS FOR HOME LOAN BORROWERS

We have always been big fans of the Southland Building Society. They have recently become a bank.
Today the NBR reports they were first out with their shingle advertising lower interest rates, (7.20 floating) in the wake of the 1.5 cut to the OCR by Bollard.

Excellent stuff. Go Smith and Smith.

WE PREDICT BOLLARD WILL GO 1.5

We here think that Bollard is going to be ballsy.

We just wish our fixed mortgage was due to be unfixed a little sooner.

OCR - 100 POINTS

Go Bollard and he has hinted at more steep cuts as well ...

Phew.

OCR

Everyone is making predictions on the OCR - we reckon bollard should go 100 but we think he will only go 75.

BOLLARD LOOKS LIKE A NUMPTY

We have been watching the deposit guarantee scandal with a great deal of interest. Bollard has been compromised there is not doubt about that now. He let himself become a puppet of Clark for her political ends and now his name is linked to a scheme that financial pundits are saying will skew the financial markets and may well help prop up the wide boys in the finance sector.

Not good enough -the Guvnor of the Reserve Bank cannot be a puppet. Time to go old boy.

The Hive is also calling for his head here

And Hooton is calling a cullen a liar - we reckon he is a lying weaselly two faced bastard.

THE WILD RIDE CONTINUES

The market volatility continues with banks around the world cutting interest rates and the share market graphs are looking like a big dipper ride.

the question today is will Bollard smash the cash rate by 100 points - Most pundits think its one the cards.

Stuff has a good round up

WILL BOLLARD HAVE THE BALLS?

To do what the Aussies have done and slash a percent of the interest rate?

We reckon Bollard might cut .75 but 100 might be a bit rich for his blood.

This from the Herald