Chris
@chrismurraybsky.bsky.social did:plc:eo4li66xcp5xkvsfpy5puwgx
Facts goddamit, I want the facts..... Your opinion, will be listened to, but generally speaking is irrelevant (unless you think I'm a hotty)
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Chris (@chrismurraybsky.bsky.social) é um usuário do Bluesky desde 17 outubro 2024. Tem 486 seguidores, segue 205 contas e publicou 1.371 posts.
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We hear about Govt deficits every day during election time. Here's the rarely mentioned deficit that matters much more to households and the economy. Persistent household deficits over last 30 years in NZ have been second only to Greece. Let's have a look thru the others. [🧵1/n]
Ver postNote that despite persistent deficits with the world, and a voracious appetite for private debt, our net saving as a country is positive. We have built wealth. How? At the macro level we have used cheap debt (govt & private) to invest in offshore shares that have boomed. What could go wrong? [Ends]
Ver postHoly shit.
Ver postI tell you what makes forecasting difficult... ignoring the leading indicators that matter, believing the often 100% wrong models in economic textbooks, relying on vibe surveys, and having blind faith in the business cycle (it's gone down so it will come up)
Ver postConteúdo indisponível
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