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Posted July 24, 2021 20:01 · last edited July 24, 2021 22:11

Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic, but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12%... You can see that we've over performed compared to stimulus spend.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package are about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.

What we've seen so far is the NZ government is willing to live with a bit of risk with the travel bubble and tolerates a little bit of community spread as long as it's contained, I'd expect that re-opening it will be a priority to states which have covid under control. The problem for the Nix is they'll have to have contingency plans - have Gong on call in case the bubble closes and also air nz ticket line on speed dial. It also makes selling home tickets challenging, they don't want to be in a situation like the warriors were and having to cancel games because the travel bubble closes.

By my count there's 12 Nix or former Nix players at the Olympics across two teams, that shows just how important they are and I hope NZ football and the league support them.

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Unknown editor edited July 24, 2021 22:11
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic, but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12%... You can see that we've over performed compared to stimulus spend.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package are about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.

Anyway, what we've seen so far is the NZ government is willing to live with a bit of risk with the travel bubble and tolerates a little bit of community spread as long as it's contained, I'd expect that re-opening it will be a priority to states which have covid under control.
Unknown editor edited July 24, 2021 22:09
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic, but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12%... You can see that we've over performed compared to stimulus spend.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package are about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:59
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic, but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12%... You can see that we've over performed compared to stimulus spend.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package is about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:59
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic, but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12% and you can see that we've over performed compared to stimulus.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package is about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:58
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12% and you can see that we've over performed compared to stimulus.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus package is about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:58
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12% and you can see that we've over performed compared to stimulus.

Another way to look at it is the deficits that we've run up to pay for this one off stimulus is about the same, as a percentage of GDP, as what a country like the US runs up in a normal year just to pay for their bills.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:57
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch, early morning hangover post and I accidentally sent a report instead of a reply - sorry mods.

Anyway, well off topic but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12% and you can see that we've over performed compared to stimulus.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.
Unknown editor edited July 24, 2021 21:30
Marto
Ryan
Except the NZ economy is top three performing in the world at the moment. We have said we won't live with it if we can help it, like we don't live with measles, our path through this is vaccination at 90%, vaccine passports, and localised track and trace and isolate when there's an outbreak. 

NZ is printing money like it's monopoly and living on ridiculous house prices to achieve that performance.  Not going to be good when that artificial bubble bursts.


Ouch,early morning hangover post and I accidentally sent a report - sorry mods.

Anyway, well off topic but NZ has spent about 11% of GDP on stimulus, compare that to Japan at 55%, the US at 27%, Sweden at 25%, Australia at 15%, the UK at 12% and you can see that we've over performed compared to stimulus.

Add to that the fact that we came in with low debt loads and still leave the pandemic with some of the lowest debt in the OECD and you can see that our strategy is working pretty well.