auckland green growth symposium - bernard hickey

How theHow the new normalnew normal chan es o rchanges your

ldworld

Auckland Sustainability Symposium, May 17

• Lower growth and i t t t finterest rates for longerlonger• Higher oil pricesHigher oil prices for longer (forever?)g ( )• Grumpier voters for a long time


A world of debt


Long, long way to go


A great repression


Globalised banks G oba sed ba sand factories gutgthe middle classes

& create interlocked debt complexes


Hoarders and debtors


PIIGS in a blanket


Cash for trash

Sovereign Conference, March 29, SkyCity

South European bank run

Sovereign Conference, March 29, SkyCity

Ageing populations h b d & hifchoose bonds & shift d bt tdebt to younger generations thatgenerations that

will have towill have to support themsupport them


40% support 60%40% support 60%


Who will pay for it?Who will pay for it?


The old have itThe old have it


Grumpy G u pyyoung voters y g

and rate payers p ywant jobs and

affordable housingAuckland Sustainability Symposium, May 17

Not affordableNot affordable


Los Indignadosg

BNZBA with HSBC, Langham, Dec 1

They just left


The real problem


Great opportunity G eat oppo tu tyfor Auckland to restart growth g

and keep younger Nzers here


A great repression


I i iInvest, invest, invest i t i blin sustainable infrastructureinfrastructure,

housing and skillshousing and skills


B hBecome the G i t itGreenist city on

the Asia Pacific rimthe Asia Pacific rim


auckland green growth symposium - bernard hickey

Environment