What got me into this blog topic was a recent posting by Real Engineering on Nebula looking at how video streaming services work. In the posting, the presenter gave some arm-wavy stats on the relative breakdown of their costs.Oh, by the way: Rebecca Drew is AWESOME (she told me if…
The Price of Booze and Smokes
Stats NZ released its Consumer Price Index today. Booze & Ciggie InflationHere’s what’s been happening to the relative cost of your weekly booze and smokes.Booze and smoke annual prices increased approximately 1.6% faster than other goods and services between 1988 and 2009. All other goods and services increased in price,…
Brisbane Construction Boom
Rebecca and I landed in Brisbane last night, and we’re staying at the Emporium Hotel in South Bank. We have this phenomenal view of the Brisbane CBD. Check out this photo. It wasn’t clearly defined, so I added red marks over each.There are 13 cranes helping construction in Brisbane’s CBD….
Milk Scarcity
Oddest sign…… why does NEW ZEALAND have milk supply issues?!?!But it looks like it’s backed up by evidence:I’ll be damned… That’s not good for both June GDP, and New Zealand, especially given inflation and a contracting monetary policy stance.🫤
Inflation is ALWAYS Caused by Too Much Money Creation
Pinning New Zealand’s latest inflation figures on overseas factors misses a distinction between a temporary “price shock”, and an increase in “permanent” inflation. New Zealand is experiencing permanent inflation, and it was caused by the Reserve Bank of New Zealand.New Zealand’s inflation rate, back in March, was an annual rate…
Better data storytelling
There is no such thing as truthThere are only stories. And everyone has their own version. For example, when talking about why the sun rises, over the ages there have been many many different stories people believed to be true.The Greeks and the Aztecs thought the sun to be a…