You know you live in New Zealand when you look at the weather forecast and the predicted winds for the next 12 hours are NE, N, NW, W, SW, S and E. 😂
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Chris Claridge
6.5K posts
Chris Claridge
@ClaridgeChris
Chair https://t.co/2q9MBFqItg
Paraparaumu Kapiti New Zealand Katılım Ağustos 2010
3.4K Takip Edilen4K Takipçiler
Chris Claridge retweetledi
🇨🇳⤵️China’s Demographic Cliff in One Video
Inconvenient Truths — Jennifer Zeng Reports@jenniferzeng97
💥 You’ll never see these charts anywhere else, and every number comes from China’s own official data! 🚨 The problem is, even these “beautified” figures can no longer hide China’s economic crisis. October appears to be the “breaking point” we warned about before. 👇 Watch and find out! (Turn on CC if needed)
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Chris Claridge retweetledi
Business confidence is up and the OCR is at its lowest in three years, but this does not resemble a real recovery. New Zealand is in a zombie rock star economy: strong on the surface, lacking the fundamentals. Confidence is real. The foundations are not.
nzinitiative.org.nz/reports-and-me…
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@MHReddell Be interested to correlate increasing foreign ownership and subsequent remittance of funds as imports.
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Despite all the rhetoric (& trade deals) in the 21st C the NZ economy has turned increasingly inward - not usually (or in this case) a marker of economic success, esp in a country of our modest size.
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Demand for protein is growing BUT what risk is Fonterra's strategy of targetting the food ingredient market, given the emergence of precision fermentation over the next decade?
FoodNavAsia@FoodNavAsia
Bel Group backs precision fermentation to secure dairy, protein future #BelGroup #dairy #precisionfermentation #APACAgrifoodSummit buff.ly/NJEA8n0
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The technique of identifying a group responsible for a nations problems and then demonising them is alive and well in main stream NZ media. The current target is pensioners. Luckily, we have educated commentators who can still do comparative analysis.
Musical Chairs@MusicalChairs14
NZ pension spending as a % of GDP is a bit higher than, errrm, Mexico, Chile, Peru and Turkey. Clearly out of control. Our only choices are retiring at 80 or euthanising manual workers at 55. TINA.
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This neatly encapsulates the three body chaos problem of NZ's economy; distance to market, low capital base and a commodity based export sector. Known for a 100 years... 😒
henry cooke@henrycooke
The horror GDP print reminded me of this passage from WH Oliver quoted in Tony Simpson’s book on the depression of the 30s.
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Chris Claridge retweetledi
Great to see the first prototypes of the New Zealand Government App this week. This app will provide a secure way for people to access government services, such as education enrolment, registering a birth or accessing their tax information. It will also hold digital credentials like a digital driver licence – which is something else currently being worked on.
The app is being inspired by international examples but designed with a distinctly New Zealand feel. It will make it easier for you to prove who you are, whether online or in person. Don’t worry – you’ll still be able to do everything the traditional way if that’s what you prefer.
It’s an exciting step forward in making services you need to use simpler and more accessible for everyone. More on the programme here: digital.govt.nz/digital-govern…
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Awesome bass playing on the best @baxterdury album released to date. Awesome tone and lines. I am in a state of bass bliss.
Billy Fuller@fourstringer
I played bass on @baxterdury excellent forthcoming new album ‘Allbarone’… this one is out today youtu.be/kY7S_AVdlmk?si…
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Chris Claridge retweetledi
With the passage of two and a half decades, it is startling just how unambiguous bin Laden was about his religious motive. “Under no circumstances,” he declared, “should we forget this enmity between us and the infidels. For, the enmity is based on creed. . . . It is a question of faith, not a war against terrorism.” 1/8
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This is not the future for NZ - this is now.
Financial Dystopia@financedystop
This woman describes a pretty dystopian view of the future for anyone under the age of 45
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Once you understand digital identity, traditional finance and international trade is going "on chain" this makes complete sense.
Omar@TheOneandOmsy
Google dropping some details on its L1 blockchain (GCUL) over on LI Chain will feature python based smart contracts. Aims to be neutral infra built for finance w/ “native commercial bank money on-chain”, 24/7 cap markets infra, payments and agentic capabilities. Looks like they plan to open it up to the full Google network with “billions of users” and “100s of institutional partners” Currently in private testnet, announced a tokenized asset pilot with the CME earlier in the year. Planning to provide further technical details in the months ahead
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I was fascinated by this tech in the 90's. Did my masters in Biotechnology on plant cell culture. Lots of applications in the plant secondary metabolites industry for botannical industry.
AgFunder@AgFunder
Krokos Bio enters plant cell culture with #saffron tech as cracks emerge in botanical supply chains. #plantcellculture #foodtech #botanicals agfundernews.com/krokos-bio-ent…
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Meanwhile NZ education system is struggling with basic numeracy, literacy and attendance.
thisischaniece@thisischaniece
China is making AI education mandatory across all primary and secondary schools in Beijing starting this fall. Students will learn: – What AI is and how it’s used – Real-world applications & tools – How to build simple models – Data bias & ethics – AI’s impact on society More👇
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If you know about the Genius Act - and you understand this announcement - we are watching the digitisation of the world financial markets. Next commodity markets.
Canton Network@CantonNetwork
Goldman Sachs and BNY have announced the ability to tokenize the $7.1 trillion money market industry on Canton. BNY clients can now access tokenized money market funds, with ownership recorded on GS DAP, built on the Canton Network. Canton is the only public L1 purpose-built to meet the privacy and control requirements of institutions, while enabling real-time collateral mobility across markets. This is how capital finally moves at the speed of opportunity. When Wall Street needs blockchain it can trust, it builds on Canton. ledgerinsights.com/bny-goldman-sa…
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@NZhunt3r Awesome thread, really interesting. More like this please. Starved of real stories from China - none reaching main stream NZ media.
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Very interesting read about a small part of the Chinese coal industry.
David Fishman@pretentiouswhat
"There are currently almost 20,000 men under the ground, right at this moment, all digging coal?" Mr. Qi smiled and nodded. "Yes that's right". In Off the Beaten Track this week, I visited a coal mine in China's famous Ordos City in Inner Mongolia. Here's what I found.🧵
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Spend 90 seconds to understand why housing is core to any future NZ economic growth. Decoupling the housing economy from the productive economy is an aspirational goal; but unachievable in short to medium term given decades of poor macro economic strategies.
Musical Chairs@MusicalChairs14
Since we're talking about house prices, a little reminder of how we have use the housing market and increasing house prices to generate real 'cash in the bank' wealth. Many economists focus on the 'wealth effect' because they don't understand banking.
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@pooliecoast Good to see CPI data finally reported monthly like every other country in the OECD. May improve quality of decisions..... 😒 rnz.co.nz/news/business/…
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@ClaridgeChris Simple in a commercial world
Not on the radar politically
It’s our nz problem Chris
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This graph could be used for a high school economics test.
Q. Interest rate increases means business failures.
How could the impact have been reduced?
A. A slower rate of increase.
Q. Why did'nt the RB go slower with rate increases?
A. Poor data leading to bad decisions.
Musical Chairs@MusicalChairs14
It is incredible how easy it is for RBNZ to send companies in NZ to the wall. Up the old OCR, increase business debt-servicing costs, take spending money away from mortgagors, and... 💥 go companies in demand sensitive sectors. Great work. [🧵1/n]
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Chris Claridge retweetledi
Farmers are concerned about the impacts of carbon forestry and unrealistic methane reduction targets.
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