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Musical Chairs@musicalchairs.bsky.social |
Lots of warning signals in recent econ data. First up, net bank lending has basically stopped and is going backwards in real terms; in fact, it looks a lot like 2009. Net bank lending is a critical source of economic stimulus. No stimulus = slump = unemployment up = more slumping etc. [🧵1/n]
7 replies 5 reposts 17 likes
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Tze Ming Mok 莫志明
@tzemingdynasty.bsky.social
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why are you making your graphs less ugly
1 replies 0 reposts 1 likes
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Musical Chairs
@musicalchairs.bsky.social
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Still getting the hang of this blue thing #nzpol
0 replies 0 reposts 5 likes
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Musical Chairs
@musicalchairs.bsky.social
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Overall economic activity is also stalling, despite the bump from inward migration. The last 12 months was basically flat (lowest increase in the year to September since Stats started collecting this data back in 2004). Unemployment data tomorrow might be a shocker. [Ends]
0 replies 0 reposts 4 likes
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Musical Chairs
@musicalchairs.bsky.social
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We hear a lot about booming consumer demand and how our reckless spending is 'causing inflation'. The boffins at Stats NZ have crunched the numbers and they say 'nah'. Spending is coming down quickly - back below 2018 levels in real terms. [3/n]
0 replies 1 reposts 7 likes
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Musical Chairs
@musicalchairs.bsky.social
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Unsurprisingly, jobseeker numbers are ticking up again, see also accommodation supplement etc. Young people, Māori, and people with health conditions and disabilities are joining the dole queue at a faster rate than others. [2/n]
0 replies 0 reposts 8 likes
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Ira
@ira.bailey.nz
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What’s the source for this graph? Is it public?
2 replies 0 reposts 1 likes
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Stu Fleming
@stuflemingnz.bsky.social
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How does this compare to what is happening internationally?
1 replies 0 reposts 0 likes