[swissmissdesigner]

http://tinyurl.com/2d244z

[ablears001]

Thanks for that. I find a lot of useful finance-orientated info on Bloomberg.com. I have a Google News alert set up for NZ and nearly every day there's an article from Bloomberg.

Anthony

[Nick88]

Wages for non-government workers, excluding overtime, increased 1.1 percent from the third quarter.....

Total paid hours rose 1.3 percent, seasonally adjusted, from the third quarter, the statistics agency said.

Actually this means someone is earning less (per hour) than Q3. It is not the non-govt sector that seems to be causing most of the inflation, as this journalist seems to be implying in her article. The NZ govt accounts for 43% of GDP and has shown itself to be rather alot less price sensitive than the rest of us.

Then she goes on to try and give odds on whether the interest rates are likely to go up......

Seven of 16 economists surveyed by Bloomberg News say the central bank will keep the official cash rate unchanged until next year. Seven predict a cut in 2008 and one expects borrowing costs to increase.

I expect it was just a typo...

[swissmissdesigner]

thank to both of you...
Anthony:I read Bloomberg.com. every week and I find it very interesting.
Nick:I don't think that is a typo..but some of my kiwi friends think the same like you.

cheers:

anna

[Nick88]

The typo is her counting of the economists not their opinions.

I found it hard to take articles like this seriously when they focus one one number like a 1.1% jump in income, and gloss over a 1.3% rise in hours worked as if it were an afterthought. It is either sloppy journalism or an ignorance of the subject. Not being able to add up to 16 doesn't help....