Spreading poisonous portents about prices and empty shops should be punished with a prison term

December 27, 2010

Being told what it will cost in a few months took the edge off Alf's appetite.

Full of Christmas cheer and that joy-to-the-world feeling, Alf was dismayed to find the NZ Herald giving news space to some grumble guts from the Institute of Economic Research who plainly is intent on destroying the mood of merriment built during the festive season.

The bugger is telling us that food prices are soaring, which is not what Alf wants to hear as he clambers into the Christmas dinner left-overs.

Alf especially does not want to hear it when he is still celebrating his MPs’ pay rise.

By March, the economist predicts, food prices will be 8 to 10 per cent higher than they were last March.

This merchant of misery and peddler of pessimism is the institute’s principal economist, who no doubt lost any aptitude for feeling merry as a consequence of being named Shamubeel Eaqub.

Anyone who wandered into the Eketahuna Club and introduced himself as Shamubeel Eaqub would be suspected of being foreign, maybe Islamic, and perhaps with bombs strapped to his under-garments or stuck up his nether regions.

He would be given a wide berth.

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The undermining of confidence – or why Radio NZ should try poking around in chicken guts

January 25, 2010

The buggers who produce the business bulletin for Radio NZ’s “Morning Report” had good news for us about employment growth when they kicked off their new year.

Then they found some stuff published by the Institute of Economic Research last year and fed that to their listening audience as if to say the more cheery expectation should be ignored.

The outrage is that Radio NZ cherry-picked their data and by-passed the optimistic stuff tucked away in the tables in the NZIER report.

Alf, who believes pessimistic economic news undermines business confidence and exacerbates recessions and slowdowns, was dismayed.

Did the wankers at Radio NZ have a bad Christmas holiday or something?

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Let’s sing the bull song – or the bear one

April 6, 2009

Not for the first time, the news media are fascinated at finding The Boss is comparatively bullish about economic prospects over the next year or so, whereas Deputy Bill is more chary and hence bearish.

Alf suspects the media hacks spend their time scouring political statements for disparities. This is not as demanding as getting off your arse and finding real news.

And not as easy as finding someone – if there is such a creature – who can predict with authority our economic future.
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