tag:blogger.com,1999:blog-11906042.post5322540859728148796..comments2024-03-30T00:09:27.602+13:00Comments on Not PC: These people are professional journalists.Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-11906042.post-82713203478122688662012-09-19T19:58:03.005+12:002012-09-19T19:58:03.005+12:00They need only look at the free London newspaper -...They need only look at the free London newspaper - City AM - to actually see some journalism in action. Maybe they could wonder at why the Times in the UK has made paying for online content a success.<br /><br />I'm tired showing up NZ "journalists" for their multiple errors and their repeated inability to demonstrate in depth analysis.<br /><br />Their egregious failure to expose Jeanette Fitzsimons as anything but cuddly and sweet, their mutually onanistic relationship with Winston Peters and more.<br /><br />One of the main reasons not to return to NZ is the empty vessel that is the media.Libertyscotthttps://www.blogger.com/profile/12741049550997300680noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-57021035767152046882012-09-19T18:40:54.154+12:002012-09-19T18:40:54.154+12:00PC
got a deal for you...
We'll find two impo...<br /><br />PC<br /><br />got a deal for you...<br /><br />We'll find two impoverished islands, with identical populations of idiots who are sitting around uselessly.<br /><br />We take an island each.<br /><br />On my island, I will promise to pay the inhabitants if they work for me, and we set about making things. Useful things, as it happens - canoes, huts, etc. Come payday, I break my promise and pay the islanders in canoes and huts instead of cash. And more promises. And they keep working.And they get rich!<br /><br />On your island, you can use the gold standard :)<br /><br />After a few years, we'll compare islands.the drunken watchmannoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-12351675301846196892012-09-19T15:05:07.030+12:002012-09-19T15:05:07.030+12:00...which could only be done by ever-new and increa......which could only be done by ever-new and increasing applications of Ben Bernanke's salve, by greater and greater gobs of counterfeit capital, leading only to even more serious misallocations and malinvestments, which will eventually either topple under their own weight or (like Japan's experience over the last two decades) continue on as zombies to weight down all activity, while rate of the credit expansion continues to increase.<br />In short, it's not exactly sustainable.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-64687095353648301572012-09-19T14:14:25.234+12:002012-09-19T14:14:25.234+12:00well, then don't puncture it?<br />well, then don't puncture it?the drunken watchmannoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-87638258284096235822012-09-19T14:06:19.187+12:002012-09-19T14:06:19.187+12:00"Consider that monetary policy worldwide is n..."Consider that monetary policy worldwide is now looser than a geriatric’s bowels."<br /><br />http://pc.blogspot.co.nz/2009/08/house-price-inflation-on-rise-again.html <br /><br />http://pc.blogspot.co.nz/2012/05/more-money-higher-house-prices.htmlPeter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-35036934105950062852012-09-19T14:04:04.642+12:002012-09-19T14:04:04.642+12:00Only if they're punctured.Only if they're punctured.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-72504750300654540072012-09-19T13:52:33.383+12:002012-09-19T13:52:33.383+12:00"had inflated the country’s biggest housing b..."had inflated the country’s biggest housing bubble.."<br /><br />what housing bubble? Bubbles usually burst, don't they?the drunken watchmannoreply@blogger.com