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No unicorns, no rainbows, no BS, but not austerity - this is how Finance Minister Nicola Willis has described her second budget to be revealed this afternoon. Independent economist Cameron Bagrie on how the numbers might add up.
Are you ready to ride the global economic rollercoaster - and come out stronger?In this episode of Talking Dairy, you'll hear from two of New Zealand's top economists, Brad Olsen and Cameron Bagrie. They'll break down what's happening in global trade and explain what it means for your dairy farm.From rising tensions between the US and China, to big changes in shipping, and Fonterra's next moves - this is the stuff that shapes your business.You'll find out how global politics are changing trade and why the world feels less predictable than it used to. You'll hear smart ways to protect your farm's future and get practical tips for managing risk in tough times.Want more? This episode is just a warm-up for what's coming at the 2025 DairyNZ Farmers' Forum. Listen now and then check out Farmers' Forum 2025 to register for an event near you. More information:Farmers Forum - Dairy's Future. The here and how.DairyNZ's signature event for 2025, held in three locations: Hamilton – 27 MayAshburton – 17 JuneInvercargill – 2 JulyIt's your chance to not only look ahead, but to see what it will take to shape the future of dairy.Thought leaders in global trade, dairy exports, economic developments, technology and consumer demands will join forces with forward-thinking innovative farmers. For more information on the programme, speakers, and to register, go to: Farmers' Forum 2025 - DairyNZHave feedback or ideas for future episodes? Email us at talkingdairy@dairynz.co.nz Follow DairyNZ on socials for the latest updates: FacebookInstagramLinkedIn
It was very clever of the Government announcing that it was going to pump $12 billion into defence before saying anything about where the money's coming from. A lot of us got all excited about the defence money because, even if you're a pacifist, you would have to agree that our defence force has been running on the smell of an oily rag for a very long time. That's just a fact. And we kind of accepted that there would have to be trade-offs. We just didn't know, and we still don't know, what those trade-offs are going to be. Today though it's being proposed that NZ Super should be the Peter that pays Paul, and that we need to sort out the elephant in the room and make people wait longer before they get the pension. And I agree. It's come from economist Cameron Bagrie who has been trying to find out where the defence spend money is coming from. Without any detail forthcoming from the Government, he's suggesting the Super scheme. He's saying: “We cannot continue to shy away from that rising expense if other priorities, such as defence, are going to be met.” He's not the only one talking about the pension scheme needing a reworking. The NZ Herald's head of business Fran O'Sullivan says it was a National Government that increased the entitlement age for NZ Super from 60 to 65. But that the current National Party leadership is sticking with the idea of not doing anything about the eligibility age until 2044. The party's current commitment is to keep the age at 65 for another 19 years. Fran O'Sullivan describes that as “nonsense”. And I agree with her too. There is no way we can afford to keep paying the pension to anyone and everyone once they turn 65 for another 19 years. National's policy at the moment commits it to increasing the age of entitlement to 67 after 2044, which means no one born before 1979 will be affected. So someone who is 47 now, for example, would still get the pension when they turn 65. Crazy. There's also nothing in National's policy about doing something about the other nonsensical part of all this – where people still get the pension if they keep working beyond 65. Because the pension —when it comes down to it— is to help stop people falling into poverty after they retire. That's what it's designed for. It's not there to pay for some joker's beer on a Friday and Saturday night, who doesn't need it for anything else because he's still working and earning a salary or wages. Or he might be someone who's made a truckload of money running a business and still earns a dividend or maybe even still draws a salary. Back to Cameron Bagrie. He's saying today that health and NZ Super make up 37% of government operational expenses and that things are only going to get tighter with more defence spending. He says: “We now have a new pressure in the mix: national security - which is being prioritised. No credible political party can ignore that.” Referring to the pension, he says: “We cannot continue to shy away from that rising expense if other priorities, such as defence, are going to be met.” It's not something former National Prime Minister Jim Bolger shied away from. Somehow, he managed to convince New Zealanders that increasing the qualifying age for was “plain common sense”, because people were living longer and receiving the pension for a lot longer. Age eligibility went up to 61 within a year of that and it's been 65 since 2001. And just like it was looking less affordable then, it's looking even less affordable now. That's why we need to have the same fortitude - or our politicians do - and they need to bite the bullet, instead of ignoring it. See omnystudio.com/listener for privacy information.
The Government's halfling their operating allowance in the budget out at the end of May. They say they have freed up “billions” in additional public service cuts to allocate more money into the country's “most pressing priorities.” Economist Cameron Bagrie talks to Heather du Plessis-Allan about the announcement. LISTEN ABOVE.See omnystudio.com/listener for privacy information.
The managing director of Bagrie Economics talks about the impact of the rise in the Kiwi dollar, the importance of central bank independence, and commodity prices holding up in New Zealand. Plus, we preview next month’s MPS and OCR announcement.See omnystudio.com/listener for privacy information.
Rowena Duncum talks to Phil Duncan, Cameron Bagrie, Lindy Nelson, and Warwick Catto.See omnystudio.com/listener for privacy information.
Independent economist and keynote speaker at the SIDE conference next week. Today, he previews Trump’s “Liberation Day” and Thursday’s much-awaited tariff announcement.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Richard McIntyre, Cameron Bagrie, Jo Luxton, John McOviney, and Phil Duncan.See omnystudio.com/listener for privacy information.
An independent economist says there'll be lasting questions about Adrian Orr's legacy as Reserve Bank Governor. His shock exit, announced yesterday, is halfway through his second five-year tenure. It also comes as the Reserve Bank is in the process of agreeing its funding increase for the next five years. Cameron Bagrie told Andrew Dickens everyone will have their own thoughts on the bank's recent choices. He believes they over-engineered the economic recovery and downturn. LISTEN ABOVE See omnystudio.com/listener for privacy information.
We ask an independent economist whether the recovery is underway and what’s going to happen to interest and exchange rates. Plus. what do Trump’s tariffs mean for NZ farmers?See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Rob Hewett, Cameron Bagrie, Hunter McGregor, and Dr Jacqueline Rowarth.See omnystudio.com/listener for privacy information.
The New Zealand economy is turning a corner, with green shoots replacing red flags and confidence inching its way back. But global uncertainty remains. Trade tensions are heating up, and tariff threats loom large.This week, top economist Cameron Bagrie joins us to discuss the outlook. Will the recovery move up a gear, or are the brakes about to be applied? Will our exports be hurt, or can we create new markets? And how should investors think about both risks and rewards in this shifting landscape?With over 20 years of experience – including a decade as ANZ's Chief Economist – Cameron delivers sharp, independent insights through Bagrie Economics, a boutique firm known for its no-nonsense economic analysis.
An economist says New Zealand needs to have a tough conversation about superannuation. Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually. Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot. Cameron Bagrie says we can't keep kicking the can down the road. "More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping." LISTEN ABOVESee omnystudio.com/listener for privacy information.
An economist says New Zealand needs to have a tough conversation about superannuation. Finance Minister Nicola Willis yesterday told Newstalk ZB the scheme needs to become sustainable and a debate about age eligibility will be needed eventually. Bagrie Economics says raising the age makes sense, with the average life expectancy up a lot. Cameron Bagrie says we can't keep kicking the can down the road. "More than 50 percent of all welfare spending is going towards New Zealand's Superannuation - and some people need that money, but there's a chunk of society that I don't think need that money and they're double dipping." LISTEN ABOVESee omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Dr Jacqueline Rowarth, Christopher Luxon, Richard Allen, and Todd Charteris. See omnystudio.com/listener for privacy information.
This independent economist comments on Trump and tariffs, exchange and interest rates, and why we could lower the corporate tax rate. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Bryce McKenzie, Grant McCallum, Jeremy Rookes, Dr Jacqueline Rowarth, and Phil Duncan.See omnystudio.com/listener for privacy information.
If the theme of 2024 was ‘cutting back’, then 2025 is all about ‘growth’. The word appears 31 times in Prime Minister Christopher Luxon’s State of the Nation speech – and for good reason. Luxon said it’s the “key to brighter days ahead” after experiencing the “biggest recession since the early 1990s.” Finance Minister Nicola Willis has been handed a revised Economic Growth portfolio as part of that planning, working on things like driving up tourism numbers, and international investment. This week on The Front Page, we’ll be unpacking some of the Government’s plans for the economy, how they’ll work, and if they are right for New Zealand. Later on, we’ll get some insight into how and whether New Zealand can actually stimulate growth from independent economist Cameron Bagrie. First up today though, NZ Herald deputy political editor Thomas Coughlan is with to explain why growth is the topic of conversation. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsSound Engineer/Producer: Richard MartinProducer: Ethan SillsSee omnystudio.com/listener for privacy information.
Bagrie Economics’ managing director gives his thoughts on how the economy is shaping up for the first half of 2025 and why the NZD is still falling. Plus, what should we keep an eye on globally and what chance are sub 5% home loans before the year is out?See omnystudio.com/listener for privacy information.
Independent economist crunches the numbers on 2024 ahead of this afternoon’s Half-Year Economic and Fiscal Update (HYEFU) and Thursday’s GDP data.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Shane Jones, Cameron Bagrie, Mark de Lautour, and John McOviney.See omnystudio.com/listener for privacy information.
On the Early Edition with Andrew Dickens Full Show Podcast for Tuesday the 17th of December. The government is making moves to refocus local councils on core cervices and improve accountability for ratepayers. So what do local government leaders make of the plan? Queenstown Lakes District Mayor Glyn Lewers is on the show. The half year economic and fiscal update is out this afternoon. What does it say about where we sit heading into the new year? Cameron Bagrie previews the update. A new drug use survey has found one in four respondents is using pharmaceuticals for recreational use. Dr Robin Van Der Sanden from Massey University's Drug Research team speaks to Andrew. Get the Early Edition with Andrew Dickens Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Expectations are low as Treasury allows a peek into its books later today. Economist Cameron Bagrie says in the 2024 update, various scenarios were presented for this year. He told Andrew Dickens it seems we're on track with the downside prediction. Bagrie says it forecast net debt climbing to 45% of GDP and the operating balance remaining in deficit. Treasury will unveil its half yearly economic and fiscal update at 1pm. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Is an Independent Economist who pays tribute to Nicki Kaye and offers his OCR prediction for tomorrow. Like everyone else he's picking a 50 basis point drop. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Wayne Langford, Emma Higgins, Jim Hopkins, and Tom Young. See omnystudio.com/listener for privacy information.
Today the independent economist says it's time to celebrate the latest inflation results but warns it's an “ongoing war”. Plus he looks at the New Zealand dollar, the next OCR and how the Fast-track Approvals Bill could help Port of Tauranga exports.See omnystudio.com/listener for privacy information.
Rowena Duncum talks to Christopher Luxon, Cameron Bagrie, Mike Cronin, Blair McLean, Simon Bishell, and Lynda Coppersmith.See omnystudio.com/listener for privacy information.
We ask an independent economist whether the OCR will drop by 25 or 50 basis points tomorrow. We also discuss the exchange rate and why he reckons a capital gains tax is a good idea.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, John McOviney, Karen Morrish, Vanessa Winning, and Bryce McKenzie.See omnystudio.com/listener for privacy information.
We ask an Independent Economist what he expects ahead of the October 9 OCR review. Plus we look at National Super and KiwiSaver. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Toby Williams, Dom Jones, Cameron Bagrie, Dr Jacqueline Rowarth, and Graeme Smith.See omnystudio.com/listener for privacy information.
Is an independent economist and former chief economist of the ANZ Bank. Today we get his take on the banks and whether the "golden age of trade" is over. See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Christopher Luxon, Hayden Dillon, Cameron Bagrie, Dr Jacqueline Rowarth, and Peter Nation. See omnystudio.com/listener for privacy information.
Is an independent economist who casts a wary eye over tomorrow's OCR announcement from the Reserve Bank plus he questions whether it's realistic, or too ambitious, for the Government to double exports earnings in the next decade?See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Jamie Strang, Sir David Carter, Todd McClay, Jane Smith, and Cameron Bagrie.See omnystudio.com/listener for privacy information.
Kia Ora Aotearoa! Welcome to The Working Group, New Zealand's top political podcast not funded by NZ on Air. I'm your host, Martyn Bradbury, editor of The Daily Blog. Joining me tonight: Damien Grant - libertarian liquidator and Cthulhu of Capitalism. Cameron Bagrie - The People's Economist Damien O'Connor - Former Cabinet Minister and current Labour MP Tonight's issues: Market meltdown as Late Stage Capitalism implodes - will Global recession follow? National Party Conference highlights a Party with zero vision Andrea Vance on Identity Politics, Karen Chhour and ACT Party race baiting What Winston's false anti-Trans tweet and the anti-Muslim fascist attacks in UK have in common ---------------------------------------------------------------------------------------------------------------------- TEXT: Working to 3598 Watch on YouTube Watch on X Watch on Instagram Check out the Social MediaSee omnystudio.com/listener for privacy information.
Jamie Mackay talks to Nathan Guy, Farmer Tom Martin, Cameron Bagrie, Winston Peters, and Emma Poole.See omnystudio.com/listener for privacy information.
Is an independent economist who comments on today's non-announcement about the OCR. But what about the prospects for Aug 14, Oct 9 and Nov 27? Plus we touch on his recent tough talk on education and the cost (the lack of it) is having on our society and economy.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Winston Peters, Cameron Bagrie, Todd Charteris, and Karen Williams.See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Dr Jacqueline Rowarth, Farmer Tom Martin, Todd Charteris, Shane Jones, and Cameron Bagrie.See omnystudio.com/listener for privacy information.
Is an Independent Economist who comments on today's big story - we are officially out of a technical recession with the GDP coming in today at 0.2% for the March quarter. However the more relevant number - the GDP per capita - has decreased 0.3% (for the sixth consecutive quarter). So what do these numbers mean for the timing around a drop in the OCR from the Reserve Bank?See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Cameron Bagrie, Blair McLean, Chris Russell, Miles Hurrell, and Karen Williams.See omnystudio.com/listener for privacy information.
Stubborn inflation and pessimistic job figures could keep NZ in recession. Independent economist Cameron Bagrie spoke to Morning Report's Ingrid Hipkiss.
Is an Independent Economist who previews tomorrow's OCR announcement and monetary policy statement. Plus we ask if the inflation settings from the Reserve Bank are too low? See omnystudio.com/listener for privacy information.
Jamie Mackay talks to Ian Kirkpatrick, Cameron Bagrie, Damien O'Connor, Rodger Dickie, and Tom Martin. See omnystudio.com/listener for privacy information.
On today's episode, we hear from Prime Minister Christopher Luxon about the $1.9 billion promised for corrections, and we get reaction from former prisoner and penal reform campaigner Cosmo Jeffery, economist Cameron Bagrie questions the Government's planned tax cuts after a survey from the OECD, Resident Doctors Association senior advocate Melissa Dobbyn discusses the junior doctors' strike, and we hear from two post-grad students who are about to take-up internships with NASA.
Today the independent economist talks about interest rates that are refusing to go down despite inflation dropping, however, he says there is a positive side to this situation. Plus, he takes a closer look at rural banking and whether New Zealand could double its exports.See omnystudio.com/listener for privacy information.
Rowena Duncum talks to Damien O'Connor, Cameron Bagrie, Tom Martin, Tom Young, and Abbi Ayre. See omnystudio.com/listener for privacy information.
Fuel prices continue to rise. Unleaded 91 petrol has increased by 26 cents per litre this year, so far. Bagrie Economics Founder Cameron Bagrie tells Mike Hosking the three major factors of supply, demand, and geopolitics all contribute to the higher prices. War in the Middle East and drone attacks on Russian refineries raises concerns about fuel supplies. New Zealand prices are still away from their highest point of $3.16 per litre in July 2022. LISTEN ABOVE See omnystudio.com/listener for privacy information.
An economist says the Government has its priorities wrong, as it continues to insist on tax cuts despite a worsening economic outlook. Treasury's economic outlook is significantly worse than was predicted just three months ago, with tax revenue possibly down by almost $14 billion over a five-year period. They also show the Government won't be able to return a surplus by 2026. Independent economist Cameron Bagrie spoke to Ingrid Hipkiss.