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24
MAY 17

On The Land May 2017




TPP on life support, or TPP 11 the TPP less the USA. Given Japan who have long protected their agricultural sector and NZ can agree it might have legs:

http://www.apnewsarchive.com/2017/The-Pacific-Rim-trade-ministers-meeting-in-Vietnam-have-committed-to-move-ahead-with-the-Trans-Pacific-Partnership-trade-pact-after-the-United-States-pulled-out/id-5328c884899e42b5a545bd314914897a

USA is well confused:

https://www.nytimes.com/2017/05/16/us/white-house-staff.html?

Much of the discussion around health care ignores basic arithmetic: if health care cost cannot be reduced then the questions are how much and who pays – that user pays or the burden of the cost for the unwell is spread across the community. If you are poor and unwell you might not do well in a user pays environment.

https://trumpcare.com/about/

Trump is not doing that well:

http://www.newsweek.com/donald-trump-approval-rating-plunged-republicans-flee-president-amid-russia-612979

After Dutch election, France national and German regional elections moved away from the intense national swing in US and UK.

https://theconversation.com/us/topics/emmanuel-macron-33770

Post truth and democracy, this is a big subject, it could attack the fundamentals of democracy:

http://www.bbc.co.uk/programmes/b08q30rg

RBNZ held rates, currency too high and still looking for inflation:

http://www.rbnz.govt.nz/news/2017/05/official-cash-rate-unchanged-at-1-75-percent 

Markets are getting softer as the Trump reality bites and his effectiveness becomes clear, UK elections and Greek pain continues:

https://www.ft.com/uk-general-election?gclid=CJ7fm6-JgNQCFQGMvQodxDML9g&segmentId=5e4c810e-400e-45d1-9589-2556ff6170a  

https://www.rte.ie/news/business/2017/0515/875254-greek-economy/

China “belt and road” trade support tending towards positive.

https://www.forbes.com/sites/sarahsu/2017/05/18/trumps-support-for-chinas-one-belt-one-road-initiative-is-bad-for-u-s-good-for-world/#784a7e493402

Election year, dollar an issue for exporters, dairy auction gains still positive: pay-out f/c now mid $6s.

https://www.globaldairytrade.info/en/product-results/

http://www.stuff.co.nz/business/farming/dairy/92643606/world-dairy-prices-improve-for-fifth-straight-globaldairytrade-auction

http://www.tradingeconomics.com/new-zealand/forecast

As always:
• housing (housing policy) will continue to be a major political issue.
• housing demand side needs policy attention – short term.
• Housing supply side needs policy attention – long term.
 


tags: economics, election, brexit, greece, trump
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