SRA
Independent economist Rodney Dickens gives the RBNZ both barrels, arguing its incompetence in assessing the outlook for house prices and the labour market is so bad it will be a fluke if it makes good OCR decisions
6th Aug 21, 7:02am
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Independent economist Rodney Dickens gives the RBNZ both barrels, arguing its incompetence in assessing the outlook for house prices and the labour market is so bad it will be a fluke if it makes good OCR decisions
Independent economist Rodney Dickens points out how weakly the ANZ business confidence survey correlates to actual outcomes and points to 'huge' political bias as a key reason
16th Feb 21, 10:53am
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Independent economist Rodney Dickens points out how weakly the ANZ business confidence survey correlates to actual outcomes and points to 'huge' political bias as a key reason
Economist Rodney Dickens sees sharply rising interest rates as vaccines allow a good recovery, but that will only accentuate problems arising from the massive rescue debt, likely triggering another more severe downturn
6th Feb 21, 2:12pm
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Economist Rodney Dickens sees sharply rising interest rates as vaccines allow a good recovery, but that will only accentuate problems arising from the massive rescue debt, likely triggering another more severe downturn
Economist Rodney Dickens wonders if bank lending criteria are the reason the housing market remains sluggish despite interest rate cuts
18th Dec 19, 2:07pm
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Economist Rodney Dickens wonders if bank lending criteria are the reason the housing market remains sluggish despite interest rate cuts
Rodney Dickens identifies the structural shift the RBNZ made during the GFC that means the effective OCR is much higher than the actual OCR, explaining why our retail interest rates are at current levels
11th Oct 19, 10:02am
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Rodney Dickens identifies the structural shift the RBNZ made during the GFC that means the effective OCR is much higher than the actual OCR, explaining why our retail interest rates are at current levels
Rodney Dickens crunches the numbers around the sharp drop in our factory PMI to see if it is signaling an imminent fall off in economic growth
3rd Sep 19, 10:00am
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Rodney Dickens crunches the numbers around the sharp drop in our factory PMI to see if it is signaling an imminent fall off in economic growth
Rodney Dickens says the Reserve Bank used dubious assertions to justify its aggressive rate cut. He says this is a misguided pro-growth experiment, much like the same one a decade ago
11th Aug 19, 3:41pm
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Rodney Dickens says the Reserve Bank used dubious assertions to justify its aggressive rate cut. He says this is a misguided pro-growth experiment, much like the same one a decade ago
Rodney Dickens says understanding how our local long term interest rates are influenced has huge implications for how much they will move in response to RBNZ and Government pro-growth and pro-inflation policies
17th Jul 19, 9:17am
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Rodney Dickens says understanding how our local long term interest rates are influenced has huge implications for how much they will move in response to RBNZ and Government pro-growth and pro-inflation policies
Rodney Dickens says current official forecasts are tainted by wishful thinking and take no account of policies that will boost wage inflation. OCR cuts and fiscal stimulus will boost growth so that the labour market will be tighter next year than now
10th Jul 19, 2:04pm
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Rodney Dickens says current official forecasts are tainted by wishful thinking and take no account of policies that will boost wage inflation. OCR cuts and fiscal stimulus will boost growth so that the labour market will be tighter next year than now
Rodney Dickens says be wary of MBIE's National Construction Pipeline reports, especially their estimates of future residential construction
5th Aug 18, 7:33am
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Rodney Dickens says be wary of MBIE's National Construction Pipeline reports, especially their estimates of future residential construction
Rodney Dickens checks how reliable economic forecasters' employment growth predictions are and how useful the leading indicators of employment are
5th Jul 18, 5:00am
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Rodney Dickens checks how reliable economic forecasters' employment growth predictions are and how useful the leading indicators of employment are
Rodney Dickens says higher construction demand will soon attract building capacity, so KiwiBuild's demands will be responded to by industry without starving other sectors for long
3rd Jun 18, 9:40am
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Rodney Dickens says higher construction demand will soon attract building capacity, so KiwiBuild's demands will be responded to by industry without starving other sectors for long
Rodney Dickens doubts landlords' costs drive rents, suggesting it's more likely income growth does. But he finds there is confusion in the data with the biggest threat from inflation
4th May 18, 12:25pm
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Rodney Dickens doubts landlords' costs drive rents, suggesting it's more likely income growth does. But he finds there is confusion in the data with the biggest threat from inflation
Rodney Dickens says section prices are the key to solving the housing affordability problem, not higher density around transport hubs. He warns against force-feeding in areas that won't deliver the intended outcome
11th Mar 18, 5:02am
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Rodney Dickens says section prices are the key to solving the housing affordability problem, not higher density around transport hubs. He warns against force-feeding in areas that won't deliver the intended outcome
Rodney Dickens says the business confidence surveys have major political bias, and he checks how accurately these surveys signal growth trends
17th Jan 18, 2:49pm
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Rodney Dickens says the business confidence surveys have major political bias, and he checks how accurately these surveys signal growth trends
Rodney Dickens sees a risk that a cut to permanent migration will weigh on the tourism sector as visitors shy away from New Zealand - for reasons that are by no means clear
31st Oct 17, 5:02am
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Rodney Dickens sees a risk that a cut to permanent migration will weigh on the tourism sector as visitors shy away from New Zealand - for reasons that are by no means clear
Rodney Dickens looks at what drives global inflation, what drives New Zealand inflation, and is sceptical about how these forces will in turn influence our OCR
3rd Oct 17, 10:50am
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Rodney Dickens looks at what drives global inflation, what drives New Zealand inflation, and is sceptical about how these forces will in turn influence our OCR
Rodney Dickens says there won't be a major catch-up phase for residential building unless something significant is done to improve new housing affordability
31st Aug 17, 10:40am
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Rodney Dickens says there won't be a major catch-up phase for residential building unless something significant is done to improve new housing affordability
Rodney Dickens says the effective OCR is well over double the 1.75% actual rate, and SMEs are paying that price for their working capital financing
3rd Aug 17, 2:01pm
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Rodney Dickens says the effective OCR is well over double the 1.75% actual rate, and SMEs are paying that price for their working capital financing
Rodney Dickens questions the threat technology poses to employment, noting that the new jobs that inevitably come are harder to see now than the ones that will be lost
12th Jul 17, 11:44am
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Rodney Dickens questions the threat technology poses to employment, noting that the new jobs that inevitably come are harder to see now than the ones that will be lost
Auckland house price rises following Housing Accord to ‘boost supply’ means ‘10 steps back before a single step forward,’ Rodney Dickens says; Labour’s urban limit & infrastructure debt proposal “offers much more hope”
5th May 17, 8:34am
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Auckland house price rises following Housing Accord to ‘boost supply’ means ‘10 steps back before a single step forward,’ Rodney Dickens says; Labour’s urban limit & infrastructure debt proposal “offers much more hope”
Economist Rodney Dickens says the currency market is smarter than the Reserve Bank because it is much quicker at responding to economic news
12th Jul 16, 11:32am
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Economist Rodney Dickens says the currency market is smarter than the Reserve Bank because it is much quicker at responding to economic news
Economist Rodney Dickens says the boost from the OCR cut to the labour market means inflation will head into risk territory before the governor realises his mistake
3rd Jun 16, 9:41am
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Economist Rodney Dickens says the boost from the OCR cut to the labour market means inflation will head into risk territory before the governor realises his mistake
Economist Rodney Dickens thinks recent volatility in reported house prices was due to changes in the mix of what is selling due to demand-supply imbalances
19th Apr 16, 9:14am
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Economist Rodney Dickens thinks recent volatility in reported house prices was due to changes in the mix of what is selling due to demand-supply imbalances
Rodney Dickens says it's interest rate policy that drives house prices and therefore affordability; migration is only of secondary importance
8th Mar 16, 5:02am
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Rodney Dickens says it's interest rate policy that drives house prices and therefore affordability; migration is only of secondary importance