Can’t wait for Twyford to decry this good news

Mortgage interest rates are now the lowest they have been for 60 years.

No doubt Phil Twyford will tell us this is awful and Labour will be moving to raise those interest rates.

Mortgage rates have hit a 60-year low as banks vie to undercut each other.

BNZ today shaved 30 basis points off its two-year fixed rate, down to 4.69 per cent.

Statistics New Zealand data shows commercial banks’ mortgage rates have not been so low since 1955.

BNZ’s move follows the Reserve Bank’s cut to the official cash rate by 25 basis points to 3 per cent last Thursday.

BNZ’s new rate undercuts SBS Bank’s 4.85 per cent 18 month rate.

Interest.co.nz said the rate was available to BNZ customers who had at least 20 per cent equity in their property and who had a BNZ account receiving salary or wages.

Massey University banking expert David Tripe said BNZ’s new rate was “probably somewhere near where rates ought to be”.    Read more »

Are Whaleoilers hard right wingers or is that a myth?

I took the the world’s smallest political quiz. this week and to my surprise it told me that I am a Centrist who leans towards Libertarianism and the Conservative right. This is not at all the box that the Left Wing blogs would expect me to be in and I wonder if they are wrong about Whaleoil’s readership as well.

It seems to be a commonly held belief amongst the Chardonay sipping Socialists that our readers are all hard right wingers who care only about money and not at all about people.

Screen Shot 2015-07-28 at 9.37.14 am

As the above test was short I thought I should take a longer more in-depth test to compare. Interestingly I obtained a similar result from the much longer test but this time it said that while Centrist I am definitely in the Right, Libertarian Camp.  Read more »

Mental Health Break

Why do the left think Winston will do a deal with them?

The 3News-Reid Research poll has the left-wing clutching at passing hope.

The left are thinking they can count Winston and NZ First’s votes as their own. They seem to be projecting their own fantasies onto a man who has been in parliament off and on for over 35 years, and knows more about politics than the looneys on the left will ever know.

So why do they assume Winston will go with them?

Have they asked him?

Have they sat down and thought about what Winston thinks of the Greens, and whether he trusts them or would work with them?

And can they actually count? There are a whole lot of numbers they should count.   Read more »

Map of the Day

Sponsored by What Power Crisis, click here for a special deal for Whale Oil Readers


corrAUf

Click here for larger view


Read more »

The House Today #nzqt

Question time/Questions for oral answer starts at 2 pm today.

Questions to Ministers

  1. ANDREW LITTLE to the Prime Minister: Does he stand by his statement that “I don’t want to ban foreigners from buying residential property”?
  2. Rt Hon WINSTON PETERS to the Prime Minister: Does he stand by all his statements?
  3. DAVID BENNETT to the Minister of Finance: What reports has he received on the state of the New Zealand economy and what do these reports show?
  4. Hon ANNETTE KING to the Minister of Health: When was he or his office first briefed on the contents of the draft New Zealand Health Strategy?
  5. JAMES SHAW to the Prime Minister: Does he stand by his statement that “New Zealand is never going to sign up to the TPP unless we believe it is in New Zealand’s best interests”? Read more »

The Delusions of the Left on their Internal Poll

We're winning I tell you, we're winning

We’re winning I tell you, we’re winning

Yesterday we published a couple of posts highlighting the stupidity of anyone believing the UMR polls, mainly because they are so far out of sync with the TV One & TV3 Polls. Remember that the two TV polls had Labour 15% behind National, yet Labour are now claiming their internal polls are at 41-35, a gap of 6.

The halfwits on the left immediately seized on this as a panic attack on Whaleoil, rather than a deliberate take down of a poll that has no credibility. Chris Trotter wrote at the Daily Bog:

“Something Very, Very Different”: Why rumours of Labour’s internal poll numbers are giving the Nats the heebie-jeebies

Who knows which National Party Chris is thinking about but the only thing Labour’s rigged poll has given National is a lot of laughs.   Read more »

Tagged:

Greens and NZ First pander to Maori when Maori themselves clearly don’t care enough

If you want to learn Maori, you can.

The slump in fluent Maori speakers is simply due to a lack of interest by… Maori.

Pushing “Te Reo” onto non-Maori via legislation hasn’t worked.  I mean, all the tamariki eat kai at the kai table in kindies, and they’re told ka pai. They sing ka kite before going home. And know their whero from their kahurangi, but none of that ever gets to even the most basic conversational Maori.  It never was going to.

But that doesn’t stop the idiots of the opposition in demanding an inquiry that will help no one, much less people wanting to learn Maori.

Opposition parties want an inquiry into the capacity schools have to teach te reo Maori.

The Greens and NZ First are going to ask Parliament’s education and science select committee to conduct it.

They say the last two censuses show the proportion of Maori who speak te reo dropped from 25.2 percent in 2001 to 21.3 percent in 2013.   Read more »

UMR doesn’t stand for Unbelievably Massaged Result

Different? What do you mean different?

Different? What do you mean different?

Labour’s pollsters UMR have allegedly done a poll that shows Labour 41-35 down instead of 47-31 down as all the other polls show.

People in the polling industry are very surprised with these numbers, and consider them to be highly unlikely.

They also consider it highly unlikely that a reputable polling company like UMR would ever get a poll that is this far different from all the other polls.

The issue for UMR is that if their brand gets damaged by showing crazy poll results that don’t reflect reality some of their commercial candidates will axe them.

Unbelievable political polls damage polling organisations reputations, and cost them work. UMR will be desperate to release the actual polls to show they are not dodgy.

Labour should release the raw data from the poll to prove that it is kosher.   Read more »

Photo Of The Day

Photo:Bettmann/Corbis

Photo:Bettmann/Corbis

Who Wants to Impersonate a Billionaire?

Few figures in American life have generated as much wild speculation as the eccentric Howard Hughes. So the announcement in 1971 that McGraw-Hill and Life Magazine were about to publish an autobiography of the billionaire hermit naturally incited a media frenzy. The book promised a gloriously lurid tale of money, movie stars, big business, heroic aviation feats, conspiracy theories, plus plenty of bizarre personal habits. Hughes’s autobiography was to be written with the assistance of the writer Clifford Irving, who somehow had managed to secure the paranoid recluse’s trust. Irving claimed he met secretly with Hughes more than a hundred times in Mexico and the Bahamas to tape-record his life story.

Read more »