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Thread ID: 108092	2010-03-13 15:59:00	NZ OZ Merger	KenESmith (6287)	PC World Chat

Post ID	Timestamp	Content	User
866999	2010-03-19 18:47:00	The trouble is the bulk of the electorate don't click onto what has been and is goin on until it is too late - NZ is not immune to having a slow thick electorate - Helen Clark was kicked out about 6 years too late. So true and her punishment by Hone Key is a trough in New York.Oh the pain!	Cicero (40)
867000	2010-03-19 19:11:00	If we join with Aus, at least we will be able to close down a few jails.	R2x1 (4628)
867001	2010-03-19 19:33:00	The trouble is the bulk of the electorate don't click onto what has been and is goin on until it is too late - NZ is not immune to having a slow thick electorate - Helen Clark was kicked out about 6 years too late. So true and her punishment by Hone Key is a trough in New York.Oh the pain! At least the trough is 10 000 miles away but I would prefer it further away like the sun.	prefect (6291)
867002	2010-03-19 19:59:00	At least the trough is 10 000 miles away but I would prefer it further away like the sun. She will end up with a dame- hood to boot. They say it's nice on Pluto,just a thought.	Cicero (40)
867003	2010-03-19 20:01:00	Its not too bad this time of year.	prefect (6291)
867004	2010-03-19 22:52:00	In response to a suggestion that we should look at per capita GDP, and now being retired with sod all to fill the day, I have taken the trouble to extract the following economic statistics from: www.photius.com The interesting figures are the current account balance, visible trade balance, Public Debt % of GDP, which tend to show how well the economy is really doing. Invisibles do not showin the balance of trade, (such things as dividends payable to overseas investors, overseas debt servicing, shipping insurance etc where overseas companies are the providors. These figures have always skewed NZs balance of trade negatively. 2009 Economic Statistics All figures in US Dollars (Current Acct Bal and Balance of Trade Visibles in USD Billions) Country GDP Real Economic Public Debt Current Acct Per capita Growth % % GDP Balance Balance Inflation Unemployment of Trade Rate Rate Norway $55,200 1.8% 52.0% $84,350 $84,390 3.6% 2.6% United States $47,000 1.3% 60.8% -$568,800 -$813,000 4.2% 7.2% Ireland $46,200 -1.7% 31.5% -$8,681 $36,730 4.0% 6.2% Switzerland $40,900 1.9% 44.0% $40,810 -$40,100 2.4% 3.0% Netherlands $40,300 1.8% 43.0% $470,000 $52,200 1.5% 4.5% Canada $39,300 0.6% 62.3% $12,820 $25,100 1.0% 6.1% Austria $39,200 1.6% 58.8% $10,630 -$20,100 3.7% 3.7% Sweden $38,500 0.7% 36.5% $35,220 $18,400 1.6% 6.4% Australia $38,100 2.2% 15.4% -$43,840 -$8,300 4.7% 4.5% Belgium $37,500 1.3% 80.8% $3,972 -$2,300 4.5% 6.5% Denmark $37,400 -0.6% 21.8% $4,333 -$1,200 3.5% 2.0% United Kingdom $36,600 0.7% 47.2% -$72,540 -$177,000 3.8% 5.5% Germany $34,800 1.3% 62.6% $267,100 $328,000 2.8% 7.9% Spain $34,600 1.1% 37.5% -$152,500 -$152,100 1.4% 13.9% Japan $34,200 -0.4% 170.4% $187,800 -$618,520 1.8% 4.2% France $32,700 0.7% 67.0% -$58,000 -$72,000 1.0% 7.4% Italy $31,000 -0.7% 103.7% -$68,820 -$700 3.6% 6.8% New Zealand $27,900 0.2% 22.9% -$9,047 -$1,580 4.3% 4.0% Czech Republic $26,100 3.9% 29.4% -$6,460 $4,400 3.6% 6.0% Korean Republic $26,000 2.5% 32.7% -$6,410 -$16,000 4.7% 3.2% Portugal $22,000 0.2% 64.2% -$23,970 -$30,120 2.9% 7.6% Hungary $19,800 -1.5% 73.8% -$6,890 $1,800 6.1% 8.0% Russian Fed. $15,800 6.0% 6.8% $97,600 $174,000 13.9% 6.2% Mexico $14,200 1.4% 20.3% -$13,450 -$11,900 6.2% 4.1% Argentina $14,200 7.1% 51.0% $6,000 $13,100 22.0% 7.8% Brazil $10,100 5.2% 40.7% -$27,300 $24,000 5.8% 8.0% Peru $8,400 9.2% 24.1% -$3,631 $4,190 6.7% 8.4% China $6,000 9.8% 15.7% $368,200 $309,000 6.0% 4.0% India $2,800 6.6% 78.0% -$38,390 $111,800 7.8% 6.8% The countries with the highest GDP per capita are primarily the low population tax havens, surprise surprise. In the selection of nations it is of note that China the second from bottom actually on GDP ranks second after all they have over 1.3 billion people compare with USA at 330 million. For the sake of brevity I omitted the Arab Oil producers, they all have high per capita GDP, and surprise surprise most of them have healthy balance of Trade surpluses. How is NZ going - well OK I guess for a small country, growth low, Budget deficit and balance of trade negative - factor in invisibles and BoT gets worse. Australia, doing Ok, not thanks to the Government of Rudd the Dud, and his team of economic illiterates, in 3 years they turned a 39 Billion surplus into $43,840 billion deficit - supposedly dealing with the GFC - unhappily it was not thought out well Billions wasted, every school got a school hall whether they needed it or not, including several that were closing, free home insulation that due to mal administration turned into the small business scam of the year - too much misdirected, bugger all accountability etc etc - The trouble is the bulk of the electorate don't click onto what has been and is goin on until it is too late - NZ is not immune to having a slow thick electorate - Helen Clark was kicked out about 6 years too late. Sorry formating seems to get lost between typing and Saving Column Titles Country GDP per Capita USD Real Economic Growth % Public Debt % GDP{ Current Account Balance Billions USD ( ie Budget Deficit/Surplus) Balance of Trade (Visibles) Billions USD Inflation Rate % Unemployment Rate % Nice post The problem here in NZ, we take one or two economic statics and beat ourselves up over it often out of context. NZ would not benefit much from joining Australia accept loosing our identities, might consider Australia joining us but we would need to think about it :)	Battleneter2 (9361)
867005	2010-03-20 10:22:00	Australia has a strong resilient economy with sufficient variety of options that it can weather financial storms - like an incompetent Labour Government - New Zealands economic options are so much more limited. From an Australian perspective, New Zealand would be another Tasmania - a cost centre rather than a profit centre- If economic union is ever to happen it will be because NZ has successfully sold the concept to Australia not vice versa.	KenESmith (6287)
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