respectfully
BJ

google “navigators balls”

respectfully
BJ

JH

there has been a massive shift in wealth from those who own assets at the expense of those who don’t

Not to pick nits but could you rephrase this?. This hour of night and I;m on autopilot and sh!t like this is like a binnacle with one ball.

…………………………..
there has been a massive shift in wealth to those who own assets at the expense of those who don’t.

Due to recent credit expansion, benefiting eg those with a leveraged property portfolio at the expense of those who save and those who want to buy. Of course house prices are falling but…..

“In New Zealand, the correlation between net migration inflows and house price inflation is striking, as illustrated in graph 3″.. Alan Bollard

http://www.rbnz.govt.nz/speeches/0145812.html#fnB1

and we have a globalised property market.

No matter what you here from certain sectors there seems to common sense coming from the conservative Austrian school.

http://www.dailyreckoning.co.uk/article/180120072.html

respectfully
BJ

Good grief, if there’s a land shortage in Auckland all you have to do is make some more land. Fill one or two of your harbours. Solves your landfill problems, gets rid of the main traffic bottleneck twixt north and south, cheaper than building a second bridge. See… a win-win-win solution. Hey, people living on Waiheke could even walk to work, how good is that for the environment

there has been a massive shift in wealth from those who own assets at the expense of those who don’t

Not to pick nits but could you rephrase this?. This hour of night and I;m on autopilot and sh!t like this is like a binnacle with one ball.

Tell the truth everyone, how many of you have the slightest idea what that means?

respectfully
BJ

Well, Sue Bradford did makethis speech yesterday.

But the timing is not right. The Government have scored a bit of a hit with their initiatives, and while the Greens believe they can offer much more comprehensive and effective policy initiatives than the Government in this area, it is not sensible to trot them out as a knee-jerk reaction to an announcement the Government has earned a few brownie points with the public on.

And, from what I gather from internal Party membership consultation, some of the detail of Green policy re this is still being worked through.

I am sure the Greens will enter the debate strongly in his area in the next few months, but in their own time, rather than in reactive mode to a Govenment announcement.

What about the massive increase in the money supply ( Alan Greenspan and all that) and asset inflation while general inflation is suppressed by an unlimited supply of cheap labour.

Asset inflation doesn’t create wealth but creates a charge somewhere else in the economy (there has been a massive shift in wealth from those who own assets at the expense of those who don’t >>> so is that not connected to high house prices and housing affordability.

What about migration? In the press (today) a property expert talks about house prices in relation to interest rates wages and migration (no mention of the supply of land thing).

We seem to be living in a world of parallel realities. One world is Telly world and that is dominated by the interests of advertisers.

England will be a much tougher side to beat when it comes time for real cricket.