Macro Afternoon: 12 April, 2021













Global Imbalances Index – note current account deficits of Anglophone world (US, UK, Canada, Australia, NZ) – 3/4 of the world’s current account deficit.

Global Imbalances Tracker

Latest posts by Gunnamatta (see all)


  1. The Travelling Albatross

    Anyway between vaccine or no vaccine (high cholesterol one that causes clots or low cholesterol one that uses mRNA) the real issue for all levels of governments: can we open the borders for immigration and how long we can keep the house prices going up

  2. Mining BoganMEMBER

    Four Corners tonight doing the gas-led recovery shenanigans.

    They’ve been good lately. Hopefully they don’t hold back.

    • Ritualised Forms

      If they do anything which really gets traction – a la Christian – then another shot into this corpse of a government would be handy.

      They would only have to have read through a few quite free articles here at MacroBusiness or over at Michael West to be able to really nail these corrupt imbeciles

      • another shot into this corpse of a government would be handy.

        a.k.a. ‘The Mozambique Drill’

  3. New Zealand’s new housing policy is really just a new tax package — and it’s a mess … * Norman Gemmell OPINION … New Zealand Herald


    Economists like to talk about “optimal policy instruments” — essentially, policies that achieve their objectives more effectively or efficiently than the alternatives, and have minimal unintended consequences.

    Judged by those criteria, the New Zealand Government’s recently announced package of housing policy instruments is a long way from optimal. You might even call it a shambles. … read more via hyperlink above …

    • Norman Gemmell is chair in public finance at Te Herenga Waka — Victoria University of Wellington.