RT @JoshBBornstein: 65 year study confirms my research: Tax cuts don't lead to economic growth. Ping @Nick_Xenophon , @BCAcomau https://t.…
19/08/2017 9:13 PM
RT @attn: .@Schwarzenegger has a blunt message for Nazis. https://t.co/HAbnejahtl
18/08/2017 9:38 PM
RT @PositiveMoneyUK: Make Monetary Policy Fair: It's time to explore alternatives to 'conventional' QE. https://t.co/m6CFVojm7w #QEforPeopl…
18/08/2017 9:35 PM
@deirdrekent To be expected when income is taxed and capital gain not...
16/08/2017 9:22 PM
@bernardchickey @YourHomeLoanNZ Add ring fencing loses / deal to negative gearing and we might see some balance develop in the economy.
16/08/2017 7:36 PM
@bernardchickey Or take the job and do the right thing anyway - the RBNZ is "independent" after all...
16/08/2017 7:34 PM
@bernardchickey Not take the job because you would know you would be on a hiding to nothing. The link between earn… https://t.co/nxPRuAaT6t
16/08/2017 7:31 PM
RT @theyearofelan: Sure, the cancer was aggressive. But the chemotherapy was also very aggressive. There was aggression on both sides
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@bernardchickey DTI+LVR+OCR all needed for financial stability & inflation.RBNZ can then push back on dumb policy f… https://t.co/CqXISZUHGq
16/08/2017 7:27 PM
@SelwynPellett Farming capital gains makes it hard to pay current expenses hence the need to externalise costs. Th… https://t.co/J1yevZAHft
14/08/2017 5:46 PM
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12
FEB 10

Surveys mean exactly what?




Lots of confidence surveys like this one:

http://www.johnwalley.co.nz/files/100211_PMI.pdf

Confidence is a measure of how you feel right now, our own survey often throws up a contrast between these delta questions - how will / how do you feel / think now in comparison to the past or what might be in the future - and the objective sales and employment numbers now in comparison to the same period a year ago.

So you pay your money and take your choice, but in the end the objective comparison has to be the base line and they are lower Dec 09 v Dec 08 and 08 was pretty bad.

The recovery might have started but the NZMEA numbers say not.  See survey at:

http://www.realeconomy.co.nz/53-sales_flatten_out_but_jobs_still_under_threat.aspx


tags: survey, sales, confidence
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