Shamubeel Eaqub

Last updated on 2015-02-24T12:06+0300.

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Shamubeel Eaqub says : "The alternative is being in a recession or depression and having high unemployment," External link

newshub Sunday, November 22, 2020 1:06:00 PM EAT

Shamubeel Eaqub says : "The alternative is being in a recession or depression and having high unemployment," External link

newshub Saturday, November 21, 2020 3:38:00 AM EAT

Shamubeel Eaqub said : "The housing market has been broken for many decades but the massive increase in house prices in the middle of a pandemic shows just how utterly broken it is. The cost is predominantly on young people and future generations. It is not good enough," "If we want to avoid a revolution in the future we need to start looking after young folk and part of that includes giving them access to secure, warm, affordable housing" External link

newshub Wednesday, November 4, 2020 6:48:00 AM EAT

Shamubeel Eaqub said : "The housing market has been broken for many decades but the massive increase in house prices in the middle of a pandemic shows just how utterly broken it is. The cost is predominantly on young people and future generations. It is not good enough," "If we want to avoid a revolution in the future we need to start looking after young folk and part of that includes giving them access to secure, warm, affordable housing" External link

nzherald Wednesday, November 4, 2020 6:24:00 AM EAT

Shamubeel Eaqub said : “They think it’s about banks not failing, rather than saying it’s about how much money is created in the economy?” External link

guardian Thursday, October 29, 2020 5:51:00 AM EAT

Shamubeel Eaqub says : “And they are kind of right,” External link

guardian Thursday, October 29, 2020 5:51:00 AM EAT

Shamubeel Eaqub says : "the timing is not right for dramatic changes" External link

nzherald Monday, October 19, 2020 8:24:00 PM EAT

Shamubeel Eaqub says : "the timing is not right for dramatic changes" External link

nzherald Monday, October 19, 2020 11:01:00 AM EAT

Shamubeel Eaqub says : “the timing is not right for dramatic changes” External link

foreignaffairs-nz Monday, October 19, 2020 8:48:00 AM EAT

Shamubeel Eaqub says : "I've been saying for some time that the Reserve Bank is impotent. Since the beginning of the pandemic it was very clear that they spent all their ammo during the GFC, and 10 years later we are now seeing that the emperor has no clothes," External link

Stuff Friday, October 16, 2020 7:53:00 PM EAT

Shamubeel Eaqub says : "If you believe that current interest rates are like the majority of the last 200 years, interest rates will be low and a level of debt is not the big problem here," "The bigger issue is around how can we direct cash into bits of the economy that's going to create long term prosperity and deal with the underlying issues of inequality and other questions that we haven't been able to fix for the last 30 years," External link

Stuff Friday, October 16, 2020 7:53:00 PM EAT

Shamubeel Eaqub said : “They have been timid in pushing things through on poverty and housing,” External link

HindustanTimes Friday, October 16, 2020 8:11:00 AM EAT

Shamubeel Eaqub said : “They have been timid in pushing things through on poverty and housing,” External link

businessday Thursday, October 15, 2020 9:35:00 PM EAT

Shamubeel Eaqub told : "They increased state housing stock, which is good, but demand has still outstripped supply," External link

newshub Friday, October 2, 2020 2:12:00 AM EAT

Shamubeel Eaqub said : "The evidence shows creating greater hardship for the poor does not incentivise them to 'pull themselves up by the bootstraps' rather it means they have no boots," External link

newshub Thursday, September 17, 2020 2:50:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

BFTOnline Sunday, August 30, 2020 2:33:00 AM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," External link

newshub Friday, July 10, 2020 5:12:00 PM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," "Unless there has been a marked change in the cost of delivering fuel and cost of doing business, it could indicate Aucklanders are paying 5-15 cents too much for their fuel [excluding the 11.5-cents regional fuel tax]. We estimate such a price difference would add $45m-$140m to Aucklanders' annual fuel bill across retail and business users" External link

newstalkzb Tuesday, June 30, 2020 3:02:00 AM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," "Unless there has been a marked change in the cost of delivering fuel and cost of doing business, it could indicate Aucklanders are paying 5-15 cents too much for their fuel [excluding the 11.5-cents regional fuel tax]. We estimate such a price difference would add $45m-$140m to Aucklanders' annual fuel bill across retail and business users" External link

nzherald Tuesday, June 30, 2020 2:50:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

BFTOnline Thursday, June 18, 2020 8:32:00 PM EAT

Shamubeel Eaqub said : "When you are living here, and you have got 100 days to the election, the job losses and the business failures will play a big part in exposing the kinds of conversations we need to have in the election that's coming up," "This recession is going to rip off the band aids off all the kind of divisions that we have seen in New Zealand. Whether it is between the rich and the poor, between rural and urban, between renters and owners. All of that stuff is going to come to the fore" External link

newshub Thursday, June 11, 2020 12:13:00 AM EAT

Shamubeel Eaqub said : "The currency has risen because markets think the New Zealand economy is going to be doing better than many of its peers," "It's been rising pretty much since the middle of April - we could see that the disease was getting under control, that the economy would be opened up. We've seen that in the data" External link

newshub Thursday, June 4, 2020 12:34:00 AM EAT

Shamubeel Eaqub said : "It's spreading now, out to virtually every sector in the economy, whether it's manufacturing or wholesale or logistics or services," External link

newstalkzb Thursday, May 28, 2020 5:49:00 AM EAT

Shamubeel Eaqub said : "There is less money for people to spend," External link

newstalkzb Thursday, May 28, 2020 5:49:00 AM EAT

Shamubeel Eaqub said : "It's spreading now, out to virtually every sector in the economy, whether it's manufacturing or wholesale or logistics or services," External link

nzherald Thursday, May 28, 2020 5:35:00 AM EAT

Shamubeel Eaqub said : "There is less money for people to spend," External link

nzherald Thursday, May 28, 2020 5:35:00 AM EAT

Shamubeel Eaqub said : "This is the beginning: all we've seen is the health disruption, the real recession starts now," External link

newshub Friday, May 22, 2020 1:32:00 AM EAT

Shamubeel Eaqub added : "Global trade has come off a lot and current drought [means that] the outlook for agriculture is also tough," External link

newshub Friday, May 22, 2020 1:32:00 AM EAT

Shamubeel Eaqub said : "There is still a fear factor for most of us. We lose job security, we lose security in terms of our hours, in terms of our incomes, and that is what causes us to be more careful. Whether it is about buying big things like furniture, or luxury goods, or discretionary stuff, or houses, all that stuff really does get pushed back," "During recessions, banks tend to become more careful about how much money they lend and at what sort of risk" External link

newshub Wednesday, May 20, 2020 11:11:00 PM EAT

Shamubeel Eaqub said : "This is the beginning: all we've seen is the health disruption, the real recession starts now," External link

newshub Wednesday, May 20, 2020 4:35:00 AM EAT

Shamubeel Eaqub added : "Global trade has come off a lot and current drought [means that] the outlook for agriculture is also tough," External link

newshub Wednesday, May 20, 2020 4:35:00 AM EAT

Shamubeel Eaqub said : "That reform in the early 1990s was absolutely brutal in terms of just how difficult it made [life] for people on the benefit," "You saw a massive decline in incomes. We've struggled regardless of who's in power to really get back to that. It tells us just how centrist our policies are in New Zealand - all the politicians pretty much are the same" External link

newshub Friday, May 15, 2020 1:01:00 AM EAT

Shamubeel Eaqub said : "We can all be critical in terms of how it wasn't ambitious enough," External link

newshub Friday, May 15, 2020 1:01:00 AM EAT

Shamubeel Eaqub told : "The number of jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Monday, May 11, 2020 1:56:00 AM EAT

Shamubeel Eaqub said : "In the last six weeks, we've probably adopted more new technology and cloud services than we have in several years. This is very good news in terms of productivity of businesses, the way we work," "And it's going to create employment opportunities and business opportunities for many New Zealand businesses as well... they've seen such a big increase in demand for their services from New Zealand... Having a local data centre really helps to provide the service seamlessly and efficiently. It makes sense" External link

newshub Thursday, May 7, 2020 12:47:00 AM EAT

Shamubeel Eaqub said : "The number of jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub said : "Post-lockdown, we'll probably see a slight surge in spending - it's not like a normal recession where things keep falling away," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub added : "The recession from the lockdown is really deep: the recession that comes afterwards is not as big because things are allowed, but we don't have the jobs and the confidence," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub said : "The number of Jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Wednesday, April 29, 2020 5:57:00 AM EAT

Shamubeel Eaqub added : "The recession from the lockdown is really deep: the recession that comes afterwards is not as big because things are allowed, but we don't have the jobs and the confidence," External link

newshub Wednesday, April 29, 2020 5:57:00 AM EAT

Shamubeel Eaqub said : "What has been done in Switzerland is probably a better model, where for the first half-a-million dollars, the Government guarantees all the debt and the interest payments are zero," External link

newshub Friday, April 24, 2020 11:35:00 AM EAT

Shamubeel Eaqub said : "The cost of business failures is much larger than waiting to roll out a comprehensive system," External link

newshub Friday, April 24, 2020 11:35:00 AM EAT

Shamubeel Eaqub says : “The recovery could be smoother and less hampered than in other places,” External link

economist Thursday, April 23, 2020 7:40:00 PM EAT

Shamubeel Eaqub said : "For retirement savings, don't touch it, keep investing. Dollar-cost averaging is what we call it. If we keep buying stocks while prices are low, all the time you will be much better off," External link

newshub Thursday, April 23, 2020 1:11:00 AM EAT

Shamubeel Eaqub told : "Literally just cash out to poor people," External link

newshub Thursday, April 23, 2020 1:11:00 AM EAT

Shamubeel Eaqub told : "We should expect a rebound but we shouldn't expect that to be long-lived and we shouldn't expect it to be very big," External link

newshub Monday, April 20, 2020 10:55:00 PM EAT

Shamubeel Eaqub said : "The bigger and more effective the stimulus - those two things are important - the lesser the impact [on the economy]," "Right now, the priority should be to really go hard in supporting businesses - particularly SMEs [small and medium enterprises] - to make sure those businesses don't fail and those jobs are retained" External link

newshub Tuesday, April 14, 2020 5:30:00 AM EAT

Shamubeel Eaqub told : "The recession is going to be quite long, so we should be planning for 2020 to be a very challenging year," External link

newshub Tuesday, April 14, 2020 4:22:00 AM EAT

Shamubeel Eaqub said : "What we need is an Ashley Bloomfield of economics," External link

newshub Thursday, April 9, 2020 2:49:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

3NewsGhana Wednesday, April 8, 2020 5:47:00 PM EAT

Shamubeel Eaqub says : "But we'll also be going into a period when people will be losing jobs and we're already hearing about widespread job losses across many districts," External link

Stuff Saturday, April 4, 2020 8:44:00 PM EAT

Shamubeel Eaqub told : "Right now we have no way to tell what the economy is responding to," External link

newshub Wednesday, April 1, 2020 1:44:00 AM EAT

Shamubeel Eaqub said : "It's going to be a very expensive recession," "At the moment, we don't have enough information - how is the economy actually going? Preserving businesses and jobs is an absolute priority" External link

newshub Wednesday, April 1, 2020 1:44:00 AM EAT

Shamubeel Eaqub said : "We already have safety net with our welfare system, but it's not very generous and is very difficult," "Our welfare system, MSD (Ministry of Social Development), is going to be overwhelmed if we try to impose the same rules and conditions that we do on our existing beneficiaries and try to deal with the increase" External link

newshub Sunday, March 22, 2020 3:52:00 AM EAT

Shamubeel Eaqub said : "Economies are not about a holding pattern they are about interacting with each other," External link

Stuff Saturday, March 21, 2020 7:07:00 AM EAT

Shamubeel Eaqub said : "My big fear is for the small airlines," "They are tiny airlines that operate at the margins. They're going to be the first domino" External link

Stuff Saturday, March 21, 2020 7:07:00 AM EAT

Shamubeel Eaqub told : "With each passing day we're seeing how bad it's going to get," External link

newshub Thursday, March 19, 2020 12:22:00 AM EAT

Shamubeel Eaqub said : "It has gone quite broad, looking at the public health crisis by investing in the public health system, retaining jobs and avoiding business closures," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub added : "The risk of people losing jobs because they have to keep other people safe is reduced," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub added : "It's a nice balance in terms of responding to the crisis and putting in place some [tools] to help people spend more money," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub said : "It has gone quite broad, looking at the public health crisis by investing in the public health system, retaining jobs and avoiding business closures," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub added : "The risk of people losing jobs because they have to keep other people safe is reduced," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub added : "Its a nice balance in terms of responding to the crisis and putting in place some [tools] to help people spend more money," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub said : "I think the RBNZ should have done it already," "The main channels would be a lower New Zealand Dollar and a confidence boost" External link

newshub Wednesday, March 4, 2020 1:39:00 AM EAT

Shamubeel Eaqub estimated : "15,000 tourism jobs and another 15,000 export sector jobs are most exposed to the current China shock" External link

voxy Tuesday, March 3, 2020 1:06:00 AM EAT

Shamubeel Eaqub said : "If you're working and saving only up until 65, you're probably planning in reality for about 30 years of retirement," External link

newshub Wednesday, February 19, 2020 11:08:00 PM EAT

Shamubeel Eaqub said : "I think we have to do it," External link

newshub Wednesday, February 19, 2020 11:08:00 PM EAT

Shamubeel Eaqub said : "I don't feel like in the Auckland housing market, people have lost confidence," "They haven't... In places like west Auckland, that's where all the growth has been. Auckland's seen massive growth and we've seen big changes in the way the market operates - lots of new developments, lots of new houses coming through. Places like west Auckland, south" External link

newshub Wednesday, January 22, 2020 10:42:00 PM EAT

Shamubeel Eaqub said : "You've got to fill the deficit and then keep up with population growth," External link

Stuff Saturday, January 18, 2020 7:07:00 PM EAT

Shamubeel Eaqub said : "Because of the Unitary Plan Auckland is building like gangbusters," "The Unitary Plan was a real bright spot. People rail against the RMA and things like that, but for whatever regulatory framework there is, there will always be issues. The Unitary Plan is a good example of what can be done" External link

Stuff Saturday, January 18, 2020 7:07:00 PM EAT

Shamubeel Eaqub said : "If you're not adding more houses then there are local people who are being displaced and inevitably the ones that getting displaced are at the bottom end," "All of those things are only going to intensify unless we also do something at the same time that increases the supply of state housing and rental housing" External link

Stuff Friday, January 17, 2020 2:23:00 AM EAT

Shamubeel Eaqub said : “Usually the chance of the public booting out a first-term government is very low, but there is a lot of frustration,” External link

news-yahoo Monday, December 23, 2019 9:20:00 AM EAT

Shamubeel Eaqub said : “Usually the chance of the public booting out a first-term government is very low, but there is a lot of frustration,” External link

news-yahoo Sunday, December 22, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "At current very low-interest rates, the interest rate is not such a big deal," External link

newshub Wednesday, December 4, 2019 10:51:00 PM EAT

Shamubeel Eaqub said : "It speaks to some bigger issues in terms of how council staff appear not to understand where the boundaries are between public interest and confidentiality," External link

Stuff Friday, October 25, 2019 6:36:00 AM EAT

Shamubeel Eaqub said ( about Fletcher Building ) : "We saw in the share market investors are quite worried and share prices have come down quite a lot," "As long as there is certainty that the insurance payments are going to protect most of the downside, Fletcher building is in a relatively good position to weather the storm" External link

newshub Wednesday, October 23, 2019 11:26:00 PM EAT

Shamubeel Eaqub said : "In some places the decline is really hard to fight because they don't have a very strong reason to grow from where they are," "If you're not already big or you don't have some very special thing that makes people want to move to your region or businesses to locate there, then it's really, really difficult" External link

newshub Wednesday, October 16, 2019 11:48:00 PM EAT

Shamubeel Eaqub said : "My frustration is more around stuff like state housing... There are some clear areas where you can get some real relief by spending money, throwing money at it. On infrastructure, government financing," External link

newshub Tuesday, October 8, 2019 11:31:00 PM EAT

Shamubeel Eaqub said : "Right now what we need is fiscal stimulus, right? That's the big thing that's going to work," "The Reserve Bank's monetary policy's impotent. It's not going to work. At these low rates, nothing matters" External link

newshub Friday, September 20, 2019 2:35:00 AM EAT

Shamubeel Eaqub : "The growth wasn't great quality. Three-quarters of it came from population growth, not the population getting better off" External link

Stuff Thursday, September 19, 2019 9:35:00 PM EAT

Shamubeel Eaqub told : "Literally just cash out to poor people," External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Right now what we need is fiscal stimulus, right? That's the big thing that's going to work," "The Reserve Bank's monetary policy's impotent. It's not going to work. At these low rates, nothing matters" External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Funnily enough, their tax cuts haven't worked very well," "When they gave cash payments to families, that worked - but the tax cuts have actually been very, very slow" External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Fuel prices are very much in the spotlight I think the market study has put a lot of focus on oil prices and people are very sensitive to it," "It's such a regular and expensive cost for everybody so as prices increase we tend to see quite a lot of reaction in the way that people behave on what else they spend their money on but also how much they drive and how cautious they are" External link

Stuff Monday, September 16, 2019 2:50:00 PM EAT

Shamubeel Eaqub says : "This piecemeal approach to dismantling the post-war trade system will have a negative effect on New Zealand. We get a relatively high level of influence when it comes to formalised systems like the WTO. We get to influence policy," External link

nzherald Monday, September 2, 2019 9:07:00 PM EAT

Shamubeel Eaqub said : "We need a step-shift in knowledge and know-how. We need to look more at the Asia-Pacific region where prefabrication and modularisation are much more efficient, saving huge time and cost," "China is obvious because it is growing so fast and also Singapore because it's a very interventionist government situation but they've managed to get good housing supply and ownership," External link

nzherald Monday, August 5, 2019 8:51:00 PM EAT

Shamubeel Eaqub said : "With the home buying measure, it doesn't look at the difficulty in saving a deposit. Just that mortgage repayments are falling. On my estimates, the average household will take 14 years to save a 20 per cent deposit for the average house and take 51 years to pay it off," External link

Stuff Thursday, July 25, 2019 3:57:00 AM EAT

Shamubeel Eaqub said : "not strong enough to provide the skills that our businesses need" External link

Stuff Saturday, July 20, 2019 12:30:00 AM EAT

Shamubeel Eaqub explained : "We should be building at the current rate of consent," External link

Stuff Saturday, July 20, 2019 12:30:00 AM EAT

Shamubeel Eaqub says : "If we really want to get on top of it there's only one thing we can do. That's making renting better. We need to build a vast amount of new housing, build to rent," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It's a very significant drop. If you look at homeownership in New Zealand, it pretty much rose from post-war until 1991 and it's been falling since then.Now it's the lowest level since the 1950s. So we've given up decades of progress," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "Right now for first-home buyers, the biggest issue is getting the deposit together. It is such a great deal of money and it takes a lot of years to get there," "Banks have really tightened up and they are unlikely to lend unless you have a big deposit" External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It feels like we are going down a path of landed gentry, where if your parents own, you too are likely to own," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It's gone from 25 years to 40 years, so you are going to spend your entire life trying to save a deposit and pay off your mortgage," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub asked : "They're giving money away. Why shouldn't we be borrowing money?" External link

newshub Thursday, July 11, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "It's not that we don't have the money - the Land Transport Fund actually has money in it," "They're going through a big rejig in terms of what to priorities, and do they actually stack up" External link

newshub Thursday, July 11, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "We still have the Reserve Bank cutting interest rates, and the Government should and can increase spending," External link

newshub Thursday, July 4, 2019 3:47:00 AM EAT

Shamubeel Eaqub said : "We still have the Reserve Bank cutting interest rates, and the Government should and can increase spending," External link

newshub Thursday, July 4, 2019 12:58:00 AM EAT

Shamubeel Eaqub said : "Things are turning - they've had profit warnings pretty much all of this year, the tide is turning, it's getting tougher, the regional routes are getting more difficult," External link

newshub Wednesday, June 19, 2019 11:49:00 PM EAT

Shamubeel Eaqub said : "Because we can cut interest rates and increase government spending" External link

newshub Wednesday, June 19, 2019 8:35:00 AM EAT

Shamubeel Eaqub said : "In the last ten years we've seen the global financial crisis, and what we've seen is actually our regulations are not strong enough and maybe banks are a bit more risky than we thought," External link

newshub Friday, May 24, 2019 11:59:00 AM EAT

Shamubeel Eaqub said : "I think they're going too far, I think they want to make the banking system really safe by making a lot of big costs on borrowers and probably cutting off funding from very risky businesses and poor folk in New Zealand," External link

newshub Friday, May 24, 2019 11:59:00 AM EAT

Shamubeel Eaqub said : "Like every popular country New Zealand has its destination hotspots, but don’t forget that there are plenty of places around the country that are set up for tourism and still have capacity to grow," "There is a real opportunity for the industry to think about how it encourages visitors to branch out further into these regions" External link

voxy Wednesday, May 15, 2019 12:35:00 AM EAT

Shamubeel Eaqub says : "The New Zealand dollar has come back a little bit. Late last year the currency was about 70c, now it's about 65c against the US. As the New Zealand dollar falls, it makes our imports more expensive," External link

newshub Wednesday, May 1, 2019 5:47:00 AM EAT

Shamubeel Eaqub said : "With supply cutting back, that's probably the biggest reason why oil prices have gone up," External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub said ( about Saudi ) : "For them, high oil prices means they have more revenue," "For countries like Saudi Arabia, most of their government revenue comes from oil - so if oil prices are low, they have less money to play with. They have a huge economy that's reliant on welfare payments - they have very high youth unemployment, they have a lot of welfare programmes, so if oil prices are low they have domestic instability" External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub said ( about Commission ) : "The Commerce Commission is looking at whether or not our oil companies are too fast to rise prices," External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub explains : "The way we charge rates is the tax is on the improved value of the land, but really it should be on the unimproved value of the land, because that would force people to use their land" External link

nzherald Wednesday, April 24, 2019 3:35:00 AM EAT

Shamubeel Eaqub said : "Not only are we getting more of that online shopping, but retail businesses are running much shorter runs - they have less product on site, they're getting more things moved on very short runs," "We're seeing the logistics stuff out of retail businesses into these logistics businesses" External link

newshub Thursday, March 7, 2019 3:42:00 AM EAT

Shamubeel Eaqub said : "Not only are we getting more of that online shopping, but retail businesses are running much shorter runs - they have less product on site, they're getting more things moved on very short runs," "We're seeing the logistics stuff out of retail businesses into these logistics businesses" External link

newshub Wednesday, March 6, 2019 10:53:00 PM EAT

Shamubeel Eaqub told : "The whole purpose of the PGF so far has been to get good PR," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub says : "That means a little bit sprinkled over everywhere, rather than big chunks of money on those few key projects that will really turn the dial," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub said : "We haven't done economic development in New Zealand for decades, so there is no capability to actually know what kinds of things a region needs," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub said : “They spent a lot of time and effort on banning foreign buyers, but it was never really well established how big a problem they were, and whether by bringing in the policy there would be a substantial effect on reducing house prices and making it more affordable for New Zealanders,” “From what we have seen to date, there hasn’t been much of an impact” External link

nytimes Friday, February 22, 2019 6:12:00 PM EAT

Shamubeel Eaqub said : "Rapidly rising building costs, lack of construction sector workers holding up many areas of work, lack of capital gains that often drive developer margins and slow sales are all creating uncertainty in the market. Our construction boom may not be big enough to solve our housing shortage. In contrast, Australia had a huge building boom, particularly apartments," "Housing demand is also holding up, with a growing population. Although Statistics New Zealand reckons migration figures may have been overstated by about 45,000 people. That means we need about 17,000 fewer homes than we previously thought. The housing shortage is still there, but perhaps not as big" External link

Stuff Wednesday, February 6, 2019 8:07:00 PM EAT

Shamubeel Eaqub said : “The government is telling builders to use exactly the same processes we have in place now, but build cheaper houses,” “That’s why you’ve seen very few builders participate” External link

nytimes Sunday, February 3, 2019 2:38:00 PM EAT

Shamubeel Eaqub said : “The government is telling builders to use exactly the same processes we have in place now, but build cheaper houses,” “That’s why you’ve seen very few builders participate” External link

nytimes Thursday, January 31, 2019 1:52:00 PM EAT

Shamubeel Eaqub says : "If you've bought recently, then you're not getting that free increase on your wealth that people in the last 10 to 20 years have got, because house prices were increasing and your debt was getting smaller or staying the same, you were getting wealthier all the time just by being in the housing market, that's no longer true," External link

newshub Saturday, January 26, 2019 12:18:00 AM EAT

Shamubeel Eaqub says : "If you've bought recently, then you're not getting that free increase on your wealth that people in the last 10 to 20 years have got, because house prices were increasing and your debt was getting smaller or staying the same, you were getting wealthier all the time just by being in the housing market, that's no longer true," External link

newshub Friday, January 25, 2019 8:16:00 PM EAT

Shamubeel Eaqub told : "We've had small increases in some prices, but there are some that have been going up a lot, so the headline numbers I think are quite misleading," External link

newshub Wednesday, January 23, 2019 10:17:00 PM EAT

Shamubeel Eaqub said : "The cost of putting someone in health is half of that of locking them up and putting them through the courts," "We get to bring a lot of the revenue off the black market, from the criminal economy, into the full economy. That gives us fiscal resources as well to be able to deploy into the economy" External link

upi Tuesday, December 18, 2018 6:30:00 PM EAT

Shamubeel Eaqub says : "Starting a business is an option," "Those who can, do – but it's not for everyone" External link

Stuff Friday, January 13, 2017 9:21:00 PM EAT

Shamubeel Eaqub says : "When it happens it will be nasty," "There is no other way to describe it. What we have built up is ugly" External link

nzherald Wednesday, December 21, 2016 2:31:00 AM EAT

Shamubeel Eaqub says : "In terms of the chilling effect on the entire economy it's much much bigger," "In Vegas people had these enormous debts that they knew they'd never be able to pay back. In New Zealand people know they have to pay it back" External link

nzherald Wednesday, December 21, 2016 2:31:00 AM EAT

Shamubeel Eaqub says : "We've never had this much debt or this level of over-valuation," External link

Stuff Monday, December 5, 2016 5:27:00 PM EAT

Shamubeel Eaqub says : "Now even if you have a good education it is unlikely that you will have sufficient income to buy a house, unless you have access to the bank of mummy and daddy," External link

nzherald Saturday, November 5, 2016 8:23:00 PM EAT

Shamubeel Eaqub said : "With [debt to income] ratio restrictions, it just means the amount of credit available in the economy is going to be a lot less than it has been in the past," External link

Stuff Tuesday, October 25, 2016 9:24:00 AM EAT

Shamubeel Eaqub said : "There is no precedent that New Zealand has [for debt] relative to the size of our economy, relative to our incomes, you name it," "So the risk is bigger of a longer hangover" External link

Stuff Tuesday, October 4, 2016 6:54:00 AM EAT

Shamubeel Eaqub said : "Do the banks have a particular moral obligation to be there, I don't think so," External link

Stuff Tuesday, August 23, 2016 8:55:00 AM EAT

Shamubeel Eaqub said : "There's nothing in empty houses that's different from the past," External link

nzherald Wednesday, July 27, 2016 2:34:00 AM EAT

Shamubeel Eaqub told : "If anything, we would have fewer ghost houses in the 2013 Census," External link

nzherald Wednesday, July 27, 2016 2:34:00 AM EAT

Shamubeel Eaqub said : "We've got a tax system with a very light touch when it comes to property, whether it's capital gains tax or stamp duty," "It would be a very good thing for New Zealand to tax property purchases because we can ring-fence that tax income. It wouldn't be just a revenue grab but would be used to make houses more affordable and increase the supply of housing" External link

nzherald Monday, July 25, 2016 9:08:00 PM EAT

Shamubeel Eaqub said : "Communication is one of the key tools that the Reserve Bank has available to it — and it is refusing to use it," External link

sltrib Tuesday, June 28, 2016 10:53:00 AM EAT

Shamubeel Eaqub says : "When it happens it will be nasty," "There is no other way to describe it. What we have built up is ugly" External link

nzherald Thursday, June 9, 2016 11:33:00 AM EAT

Shamubeel Eaqub says : "In terms of the chilling effect on the entire economy it's much much bigger," "In Vegas people had these enormous debts that they knew they'd never be able to pay back. In New Zealand people know they have to pay it back" External link

nzherald Thursday, June 9, 2016 11:33:00 AM EAT

Shamubeel Eaqub said : "This Government has shown little initiative on this front but I certainly hope housing will be big in this Budget because moves so far have been too marginal and too incremental to be effective," "To explicitly ask the Government to step in and build houses and related infrastructure flies in the face of current thinking, yet the situation is dire" External link

nzherald Monday, May 23, 2016 9:26:00 AM EAT

Shamubeel Eaqub said : "This Government has shown little initiative on this front but I certainly hope housing will be big in this Budget because moves so far have been too marginal and too incremental to be effective," "To explicitly ask the Government to step in and build houses and related infrastructure flies in the face of current thinking, yet the situation is dire" External link

nzherald Sunday, May 22, 2016 9:12:00 PM EAT

Shamubeel Eaqub said : "The general story on mortgagee sales is very positive," External link

nzherald Thursday, March 5, 2015 8:09:00 PM EAT

Shamubeel Eaqub said : "The RBNZ is in a difficult policy position. Moderate growth, subdued inflation and global risks suggest monetary policy should be supporting growth. But Auckland house prices, which rose nearly 16 percent over the past year, suggest the RBNZ should tighten," External link

xinhuanet_en Tuesday, February 24, 2015 11:06:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
economist85.04%EN03/09/201709/03/2017
author0.43%EN02/01/201701/02/2017
commentator0.43%EN10/26/201626/10/2016
analyst0.43%EN10/07/201607/10/2016
independent economist12.82%EN10/04/201604/10/2016
co-author0.43%EN07/28/201628/07/2016
champion0.43%EN07/27/201627/07/2016
Names Lang Count
Shamubeel EaqubEN100.00%


 
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Shamubeel Eaqub

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Shamubeel Eaqub says : "The alternative is being in a recession or depression and having high unemployment," External link

newshub Sunday, November 22, 2020 1:06:00 PM EAT

Shamubeel Eaqub says : "The alternative is being in a recession or depression and having high unemployment," External link

newshub Saturday, November 21, 2020 3:38:00 AM EAT

Shamubeel Eaqub said : "The housing market has been broken for many decades but the massive increase in house prices in the middle of a pandemic shows just how utterly broken it is. The cost is predominantly on young people and future generations. It is not good enough," "If we want to avoid a revolution in the future we need to start looking after young folk and part of that includes giving them access to secure, warm, affordable housing" External link

newshub Wednesday, November 4, 2020 6:48:00 AM EAT

Shamubeel Eaqub said : "The housing market has been broken for many decades but the massive increase in house prices in the middle of a pandemic shows just how utterly broken it is. The cost is predominantly on young people and future generations. It is not good enough," "If we want to avoid a revolution in the future we need to start looking after young folk and part of that includes giving them access to secure, warm, affordable housing" External link

nzherald Wednesday, November 4, 2020 6:24:00 AM EAT

Shamubeel Eaqub said : “They think it’s about banks not failing, rather than saying it’s about how much money is created in the economy?” External link

guardian Thursday, October 29, 2020 5:51:00 AM EAT

Shamubeel Eaqub says : “And they are kind of right,” External link

guardian Thursday, October 29, 2020 5:51:00 AM EAT

Shamubeel Eaqub says : "the timing is not right for dramatic changes" External link

nzherald Monday, October 19, 2020 8:24:00 PM EAT

Shamubeel Eaqub says : "the timing is not right for dramatic changes" External link

nzherald Monday, October 19, 2020 11:01:00 AM EAT

Shamubeel Eaqub says : “the timing is not right for dramatic changes” External link

foreignaffairs-nz Monday, October 19, 2020 8:48:00 AM EAT

Shamubeel Eaqub says : "I've been saying for some time that the Reserve Bank is impotent. Since the beginning of the pandemic it was very clear that they spent all their ammo during the GFC, and 10 years later we are now seeing that the emperor has no clothes," External link

Stuff Friday, October 16, 2020 7:53:00 PM EAT

Shamubeel Eaqub says : "If you believe that current interest rates are like the majority of the last 200 years, interest rates will be low and a level of debt is not the big problem here," "The bigger issue is around how can we direct cash into bits of the economy that's going to create long term prosperity and deal with the underlying issues of inequality and other questions that we haven't been able to fix for the last 30 years," External link

Stuff Friday, October 16, 2020 7:53:00 PM EAT

Shamubeel Eaqub said : “They have been timid in pushing things through on poverty and housing,” External link

HindustanTimes Friday, October 16, 2020 8:11:00 AM EAT

Shamubeel Eaqub said : “They have been timid in pushing things through on poverty and housing,” External link

businessday Thursday, October 15, 2020 9:35:00 PM EAT

Shamubeel Eaqub told : "They increased state housing stock, which is good, but demand has still outstripped supply," External link

newshub Friday, October 2, 2020 2:12:00 AM EAT

Shamubeel Eaqub said : "The evidence shows creating greater hardship for the poor does not incentivise them to 'pull themselves up by the bootstraps' rather it means they have no boots," External link

newshub Thursday, September 17, 2020 2:50:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

BFTOnline Sunday, August 30, 2020 2:33:00 AM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," External link

newshub Friday, July 10, 2020 5:12:00 PM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," "Unless there has been a marked change in the cost of delivering fuel and cost of doing business, it could indicate Aucklanders are paying 5-15 cents too much for their fuel [excluding the 11.5-cents regional fuel tax]. We estimate such a price difference would add $45m-$140m to Aucklanders' annual fuel bill across retail and business users" External link

newstalkzb Tuesday, June 30, 2020 3:02:00 AM EAT

Shamubeel Eaqub says : "Over the past year, fuel board prices have fallen by 29 cents across the country, but only 24 cents in Auckland and a huge 40 cents in Christchurch," "Unless there has been a marked change in the cost of delivering fuel and cost of doing business, it could indicate Aucklanders are paying 5-15 cents too much for their fuel [excluding the 11.5-cents regional fuel tax]. We estimate such a price difference would add $45m-$140m to Aucklanders' annual fuel bill across retail and business users" External link

nzherald Tuesday, June 30, 2020 2:50:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

BFTOnline Thursday, June 18, 2020 8:32:00 PM EAT

Shamubeel Eaqub said : "When you are living here, and you have got 100 days to the election, the job losses and the business failures will play a big part in exposing the kinds of conversations we need to have in the election that's coming up," "This recession is going to rip off the band aids off all the kind of divisions that we have seen in New Zealand. Whether it is between the rich and the poor, between rural and urban, between renters and owners. All of that stuff is going to come to the fore" External link

newshub Thursday, June 11, 2020 12:13:00 AM EAT

Shamubeel Eaqub said : "The currency has risen because markets think the New Zealand economy is going to be doing better than many of its peers," "It's been rising pretty much since the middle of April - we could see that the disease was getting under control, that the economy would be opened up. We've seen that in the data" External link

newshub Thursday, June 4, 2020 12:34:00 AM EAT

Shamubeel Eaqub said : "It's spreading now, out to virtually every sector in the economy, whether it's manufacturing or wholesale or logistics or services," External link

newstalkzb Thursday, May 28, 2020 5:49:00 AM EAT

Shamubeel Eaqub said : "There is less money for people to spend," External link

newstalkzb Thursday, May 28, 2020 5:49:00 AM EAT

Shamubeel Eaqub said : "It's spreading now, out to virtually every sector in the economy, whether it's manufacturing or wholesale or logistics or services," External link

nzherald Thursday, May 28, 2020 5:35:00 AM EAT

Shamubeel Eaqub said : "There is less money for people to spend," External link

nzherald Thursday, May 28, 2020 5:35:00 AM EAT

Shamubeel Eaqub said : "This is the beginning: all we've seen is the health disruption, the real recession starts now," External link

newshub Friday, May 22, 2020 1:32:00 AM EAT

Shamubeel Eaqub added : "Global trade has come off a lot and current drought [means that] the outlook for agriculture is also tough," External link

newshub Friday, May 22, 2020 1:32:00 AM EAT

Shamubeel Eaqub said : "There is still a fear factor for most of us. We lose job security, we lose security in terms of our hours, in terms of our incomes, and that is what causes us to be more careful. Whether it is about buying big things like furniture, or luxury goods, or discretionary stuff, or houses, all that stuff really does get pushed back," "During recessions, banks tend to become more careful about how much money they lend and at what sort of risk" External link

newshub Wednesday, May 20, 2020 11:11:00 PM EAT

Shamubeel Eaqub said : "This is the beginning: all we've seen is the health disruption, the real recession starts now," External link

newshub Wednesday, May 20, 2020 4:35:00 AM EAT

Shamubeel Eaqub added : "Global trade has come off a lot and current drought [means that] the outlook for agriculture is also tough," External link

newshub Wednesday, May 20, 2020 4:35:00 AM EAT

Shamubeel Eaqub said : "That reform in the early 1990s was absolutely brutal in terms of just how difficult it made [life] for people on the benefit," "You saw a massive decline in incomes. We've struggled regardless of who's in power to really get back to that. It tells us just how centrist our policies are in New Zealand - all the politicians pretty much are the same" External link

newshub Friday, May 15, 2020 1:01:00 AM EAT

Shamubeel Eaqub said : "We can all be critical in terms of how it wasn't ambitious enough," External link

newshub Friday, May 15, 2020 1:01:00 AM EAT

Shamubeel Eaqub told : "The number of jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Monday, May 11, 2020 1:56:00 AM EAT

Shamubeel Eaqub said : "In the last six weeks, we've probably adopted more new technology and cloud services than we have in several years. This is very good news in terms of productivity of businesses, the way we work," "And it's going to create employment opportunities and business opportunities for many New Zealand businesses as well... they've seen such a big increase in demand for their services from New Zealand... Having a local data centre really helps to provide the service seamlessly and efficiently. It makes sense" External link

newshub Thursday, May 7, 2020 12:47:00 AM EAT

Shamubeel Eaqub said : "The number of jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub said : "Post-lockdown, we'll probably see a slight surge in spending - it's not like a normal recession where things keep falling away," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub added : "The recession from the lockdown is really deep: the recession that comes afterwards is not as big because things are allowed, but we don't have the jobs and the confidence," External link

newshub Wednesday, April 29, 2020 9:59:00 AM EAT

Shamubeel Eaqub said : "The number of Jobseeker benefits, relative to population, is now just above the peak during the 2008/2009 GFC recession, when the unemployment rate peaked at 6.5 percent," External link

newshub Wednesday, April 29, 2020 5:57:00 AM EAT

Shamubeel Eaqub added : "The recession from the lockdown is really deep: the recession that comes afterwards is not as big because things are allowed, but we don't have the jobs and the confidence," External link

newshub Wednesday, April 29, 2020 5:57:00 AM EAT

Shamubeel Eaqub said : "What has been done in Switzerland is probably a better model, where for the first half-a-million dollars, the Government guarantees all the debt and the interest payments are zero," External link

newshub Friday, April 24, 2020 11:35:00 AM EAT

Shamubeel Eaqub said : "The cost of business failures is much larger than waiting to roll out a comprehensive system," External link

newshub Friday, April 24, 2020 11:35:00 AM EAT

Shamubeel Eaqub says : “The recovery could be smoother and less hampered than in other places,” External link

economist Thursday, April 23, 2020 7:40:00 PM EAT

Shamubeel Eaqub said : "For retirement savings, don't touch it, keep investing. Dollar-cost averaging is what we call it. If we keep buying stocks while prices are low, all the time you will be much better off," External link

newshub Thursday, April 23, 2020 1:11:00 AM EAT

Shamubeel Eaqub told : "Literally just cash out to poor people," External link

newshub Thursday, April 23, 2020 1:11:00 AM EAT

Shamubeel Eaqub told : "We should expect a rebound but we shouldn't expect that to be long-lived and we shouldn't expect it to be very big," External link

newshub Monday, April 20, 2020 10:55:00 PM EAT

Shamubeel Eaqub said : "The bigger and more effective the stimulus - those two things are important - the lesser the impact [on the economy]," "Right now, the priority should be to really go hard in supporting businesses - particularly SMEs [small and medium enterprises] - to make sure those businesses don't fail and those jobs are retained" External link

newshub Tuesday, April 14, 2020 5:30:00 AM EAT

Shamubeel Eaqub told : "The recession is going to be quite long, so we should be planning for 2020 to be a very challenging year," External link

newshub Tuesday, April 14, 2020 4:22:00 AM EAT

Shamubeel Eaqub said : "What we need is an Ashley Bloomfield of economics," External link

newshub Thursday, April 9, 2020 2:49:00 AM EAT

Shamubeel Eaqub said : “We have fewer constraints to both blunt the impact of dealing with [the] pandemic and supercharge the recovery,” “Most importantly, New Zealand remains a relatively high-trust country. This will be a strong foundation for recovery from the biggest health and economic shock in generations” External link

3NewsGhana Wednesday, April 8, 2020 5:47:00 PM EAT

Shamubeel Eaqub says : "But we'll also be going into a period when people will be losing jobs and we're already hearing about widespread job losses across many districts," External link

Stuff Saturday, April 4, 2020 8:44:00 PM EAT

Shamubeel Eaqub told : "Right now we have no way to tell what the economy is responding to," External link

newshub Wednesday, April 1, 2020 1:44:00 AM EAT

Shamubeel Eaqub said : "It's going to be a very expensive recession," "At the moment, we don't have enough information - how is the economy actually going? Preserving businesses and jobs is an absolute priority" External link

newshub Wednesday, April 1, 2020 1:44:00 AM EAT

Shamubeel Eaqub said : "We already have safety net with our welfare system, but it's not very generous and is very difficult," "Our welfare system, MSD (Ministry of Social Development), is going to be overwhelmed if we try to impose the same rules and conditions that we do on our existing beneficiaries and try to deal with the increase" External link

newshub Sunday, March 22, 2020 3:52:00 AM EAT

Shamubeel Eaqub said : "Economies are not about a holding pattern they are about interacting with each other," External link

Stuff Saturday, March 21, 2020 7:07:00 AM EAT

Shamubeel Eaqub said : "My big fear is for the small airlines," "They are tiny airlines that operate at the margins. They're going to be the first domino" External link

Stuff Saturday, March 21, 2020 7:07:00 AM EAT

Shamubeel Eaqub told : "With each passing day we're seeing how bad it's going to get," External link

newshub Thursday, March 19, 2020 12:22:00 AM EAT

Shamubeel Eaqub said : "It has gone quite broad, looking at the public health crisis by investing in the public health system, retaining jobs and avoiding business closures," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub added : "The risk of people losing jobs because they have to keep other people safe is reduced," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub added : "It's a nice balance in terms of responding to the crisis and putting in place some [tools] to help people spend more money," External link

newshub Tuesday, March 17, 2020 6:19:00 AM EAT

Shamubeel Eaqub said : "It has gone quite broad, looking at the public health crisis by investing in the public health system, retaining jobs and avoiding business closures," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub added : "The risk of people losing jobs because they have to keep other people safe is reduced," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub added : "Its a nice balance in terms of responding to the crisis and putting in place some [tools] to help people spend more money," External link

newshub Tuesday, March 17, 2020 5:19:00 AM EAT

Shamubeel Eaqub said : "I think the RBNZ should have done it already," "The main channels would be a lower New Zealand Dollar and a confidence boost" External link

newshub Wednesday, March 4, 2020 1:39:00 AM EAT

Shamubeel Eaqub estimated : "15,000 tourism jobs and another 15,000 export sector jobs are most exposed to the current China shock" External link

voxy Tuesday, March 3, 2020 1:06:00 AM EAT

Shamubeel Eaqub said : "If you're working and saving only up until 65, you're probably planning in reality for about 30 years of retirement," External link

newshub Wednesday, February 19, 2020 11:08:00 PM EAT

Shamubeel Eaqub said : "I think we have to do it," External link

newshub Wednesday, February 19, 2020 11:08:00 PM EAT

Shamubeel Eaqub said : "I don't feel like in the Auckland housing market, people have lost confidence," "They haven't... In places like west Auckland, that's where all the growth has been. Auckland's seen massive growth and we've seen big changes in the way the market operates - lots of new developments, lots of new houses coming through. Places like west Auckland, south" External link

newshub Wednesday, January 22, 2020 10:42:00 PM EAT

Shamubeel Eaqub said : "You've got to fill the deficit and then keep up with population growth," External link

Stuff Saturday, January 18, 2020 7:07:00 PM EAT

Shamubeel Eaqub said : "Because of the Unitary Plan Auckland is building like gangbusters," "The Unitary Plan was a real bright spot. People rail against the RMA and things like that, but for whatever regulatory framework there is, there will always be issues. The Unitary Plan is a good example of what can be done" External link

Stuff Saturday, January 18, 2020 7:07:00 PM EAT

Shamubeel Eaqub said : "If you're not adding more houses then there are local people who are being displaced and inevitably the ones that getting displaced are at the bottom end," "All of those things are only going to intensify unless we also do something at the same time that increases the supply of state housing and rental housing" External link

Stuff Friday, January 17, 2020 2:23:00 AM EAT

Shamubeel Eaqub said : “Usually the chance of the public booting out a first-term government is very low, but there is a lot of frustration,” External link

news-yahoo Monday, December 23, 2019 9:20:00 AM EAT

Shamubeel Eaqub said : “Usually the chance of the public booting out a first-term government is very low, but there is a lot of frustration,” External link

news-yahoo Sunday, December 22, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "At current very low-interest rates, the interest rate is not such a big deal," External link

newshub Wednesday, December 4, 2019 10:51:00 PM EAT

Shamubeel Eaqub said : "It speaks to some bigger issues in terms of how council staff appear not to understand where the boundaries are between public interest and confidentiality," External link

Stuff Friday, October 25, 2019 6:36:00 AM EAT

Shamubeel Eaqub said ( about Fletcher Building ) : "We saw in the share market investors are quite worried and share prices have come down quite a lot," "As long as there is certainty that the insurance payments are going to protect most of the downside, Fletcher building is in a relatively good position to weather the storm" External link

newshub Wednesday, October 23, 2019 11:26:00 PM EAT

Shamubeel Eaqub said : "In some places the decline is really hard to fight because they don't have a very strong reason to grow from where they are," "If you're not already big or you don't have some very special thing that makes people want to move to your region or businesses to locate there, then it's really, really difficult" External link

newshub Wednesday, October 16, 2019 11:48:00 PM EAT

Shamubeel Eaqub said : "My frustration is more around stuff like state housing... There are some clear areas where you can get some real relief by spending money, throwing money at it. On infrastructure, government financing," External link

newshub Tuesday, October 8, 2019 11:31:00 PM EAT

Shamubeel Eaqub said : "Right now what we need is fiscal stimulus, right? That's the big thing that's going to work," "The Reserve Bank's monetary policy's impotent. It's not going to work. At these low rates, nothing matters" External link

newshub Friday, September 20, 2019 2:35:00 AM EAT

Shamubeel Eaqub : "The growth wasn't great quality. Three-quarters of it came from population growth, not the population getting better off" External link

Stuff Thursday, September 19, 2019 9:35:00 PM EAT

Shamubeel Eaqub told : "Literally just cash out to poor people," External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Right now what we need is fiscal stimulus, right? That's the big thing that's going to work," "The Reserve Bank's monetary policy's impotent. It's not going to work. At these low rates, nothing matters" External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Funnily enough, their tax cuts haven't worked very well," "When they gave cash payments to families, that worked - but the tax cuts have actually been very, very slow" External link

newshub Thursday, September 19, 2019 12:32:00 AM EAT

Shamubeel Eaqub said : "Fuel prices are very much in the spotlight I think the market study has put a lot of focus on oil prices and people are very sensitive to it," "It's such a regular and expensive cost for everybody so as prices increase we tend to see quite a lot of reaction in the way that people behave on what else they spend their money on but also how much they drive and how cautious they are" External link

Stuff Monday, September 16, 2019 2:50:00 PM EAT

Shamubeel Eaqub says : "This piecemeal approach to dismantling the post-war trade system will have a negative effect on New Zealand. We get a relatively high level of influence when it comes to formalised systems like the WTO. We get to influence policy," External link

nzherald Monday, September 2, 2019 9:07:00 PM EAT

Shamubeel Eaqub said : "We need a step-shift in knowledge and know-how. We need to look more at the Asia-Pacific region where prefabrication and modularisation are much more efficient, saving huge time and cost," "China is obvious because it is growing so fast and also Singapore because it's a very interventionist government situation but they've managed to get good housing supply and ownership," External link

nzherald Monday, August 5, 2019 8:51:00 PM EAT

Shamubeel Eaqub said : "With the home buying measure, it doesn't look at the difficulty in saving a deposit. Just that mortgage repayments are falling. On my estimates, the average household will take 14 years to save a 20 per cent deposit for the average house and take 51 years to pay it off," External link

Stuff Thursday, July 25, 2019 3:57:00 AM EAT

Shamubeel Eaqub said : "not strong enough to provide the skills that our businesses need" External link

Stuff Saturday, July 20, 2019 12:30:00 AM EAT

Shamubeel Eaqub explained : "We should be building at the current rate of consent," External link

Stuff Saturday, July 20, 2019 12:30:00 AM EAT

Shamubeel Eaqub says : "If we really want to get on top of it there's only one thing we can do. That's making renting better. We need to build a vast amount of new housing, build to rent," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It's a very significant drop. If you look at homeownership in New Zealand, it pretty much rose from post-war until 1991 and it's been falling since then.Now it's the lowest level since the 1950s. So we've given up decades of progress," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "Right now for first-home buyers, the biggest issue is getting the deposit together. It is such a great deal of money and it takes a lot of years to get there," "Banks have really tightened up and they are unlikely to lend unless you have a big deposit" External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It feels like we are going down a path of landed gentry, where if your parents own, you too are likely to own," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub says : "It's gone from 25 years to 40 years, so you are going to spend your entire life trying to save a deposit and pay off your mortgage," External link

newshub Thursday, July 18, 2019 11:39:00 AM EAT

Shamubeel Eaqub asked : "They're giving money away. Why shouldn't we be borrowing money?" External link

newshub Thursday, July 11, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "It's not that we don't have the money - the Land Transport Fund actually has money in it," "They're going through a big rejig in terms of what to priorities, and do they actually stack up" External link

newshub Thursday, July 11, 2019 12:30:00 AM EAT

Shamubeel Eaqub said : "We still have the Reserve Bank cutting interest rates, and the Government should and can increase spending," External link

newshub Thursday, July 4, 2019 3:47:00 AM EAT

Shamubeel Eaqub said : "We still have the Reserve Bank cutting interest rates, and the Government should and can increase spending," External link

newshub Thursday, July 4, 2019 12:58:00 AM EAT

Shamubeel Eaqub said : "Things are turning - they've had profit warnings pretty much all of this year, the tide is turning, it's getting tougher, the regional routes are getting more difficult," External link

newshub Wednesday, June 19, 2019 11:49:00 PM EAT

Shamubeel Eaqub said : "Because we can cut interest rates and increase government spending" External link

newshub Wednesday, June 19, 2019 8:35:00 AM EAT

Shamubeel Eaqub said : "In the last ten years we've seen the global financial crisis, and what we've seen is actually our regulations are not strong enough and maybe banks are a bit more risky than we thought," External link

newshub Friday, May 24, 2019 11:59:00 AM EAT

Shamubeel Eaqub said : "I think they're going too far, I think they want to make the banking system really safe by making a lot of big costs on borrowers and probably cutting off funding from very risky businesses and poor folk in New Zealand," External link

newshub Friday, May 24, 2019 11:59:00 AM EAT

Shamubeel Eaqub said : "Like every popular country New Zealand has its destination hotspots, but don’t forget that there are plenty of places around the country that are set up for tourism and still have capacity to grow," "There is a real opportunity for the industry to think about how it encourages visitors to branch out further into these regions" External link

voxy Wednesday, May 15, 2019 12:35:00 AM EAT

Shamubeel Eaqub says : "The New Zealand dollar has come back a little bit. Late last year the currency was about 70c, now it's about 65c against the US. As the New Zealand dollar falls, it makes our imports more expensive," External link

newshub Wednesday, May 1, 2019 5:47:00 AM EAT

Shamubeel Eaqub said : "With supply cutting back, that's probably the biggest reason why oil prices have gone up," External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub said ( about Saudi ) : "For them, high oil prices means they have more revenue," "For countries like Saudi Arabia, most of their government revenue comes from oil - so if oil prices are low, they have less money to play with. They have a huge economy that's reliant on welfare payments - they have very high youth unemployment, they have a lot of welfare programmes, so if oil prices are low they have domestic instability" External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub said ( about Commission ) : "The Commerce Commission is looking at whether or not our oil companies are too fast to rise prices," External link

newshub Thursday, April 25, 2019 11:14:00 PM EAT

Shamubeel Eaqub explains : "The way we charge rates is the tax is on the improved value of the land, but really it should be on the unimproved value of the land, because that would force people to use their land" External link

nzherald Wednesday, April 24, 2019 3:35:00 AM EAT

Shamubeel Eaqub said : "Not only are we getting more of that online shopping, but retail businesses are running much shorter runs - they have less product on site, they're getting more things moved on very short runs," "We're seeing the logistics stuff out of retail businesses into these logistics businesses" External link

newshub Thursday, March 7, 2019 3:42:00 AM EAT

Shamubeel Eaqub said : "Not only are we getting more of that online shopping, but retail businesses are running much shorter runs - they have less product on site, they're getting more things moved on very short runs," "We're seeing the logistics stuff out of retail businesses into these logistics businesses" External link

newshub Wednesday, March 6, 2019 10:53:00 PM EAT

Shamubeel Eaqub told : "The whole purpose of the PGF so far has been to get good PR," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub says : "That means a little bit sprinkled over everywhere, rather than big chunks of money on those few key projects that will really turn the dial," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub said : "We haven't done economic development in New Zealand for decades, so there is no capability to actually know what kinds of things a region needs," External link

newshub Wednesday, February 27, 2019 10:54:00 PM EAT

Shamubeel Eaqub said : “They spent a lot of time and effort on banning foreign buyers, but it was never really well established how big a problem they were, and whether by bringing in the policy there would be a substantial effect on reducing house prices and making it more affordable for New Zealanders,” “From what we have seen to date, there hasn’t been much of an impact” External link

nytimes Friday, February 22, 2019 6:12:00 PM EAT

Shamubeel Eaqub said : "Rapidly rising building costs, lack of construction sector workers holding up many areas of work, lack of capital gains that often drive developer margins and slow sales are all creating uncertainty in the market. Our construction boom may not be big enough to solve our housing shortage. In contrast, Australia had a huge building boom, particularly apartments," "Housing demand is also holding up, with a growing population. Although Statistics New Zealand reckons migration figures may have been overstated by about 45,000 people. That means we need about 17,000 fewer homes than we previously thought. The housing shortage is still there, but perhaps not as big" External link

Stuff Wednesday, February 6, 2019 8:07:00 PM EAT

Shamubeel Eaqub said : “The government is telling builders to use exactly the same processes we have in place now, but build cheaper houses,” “That’s why you’ve seen very few builders participate” External link

nytimes Sunday, February 3, 2019 2:38:00 PM EAT

Shamubeel Eaqub said : “The government is telling builders to use exactly the same processes we have in place now, but build cheaper houses,” “That’s why you’ve seen very few builders participate” External link

nytimes Thursday, January 31, 2019 1:52:00 PM EAT

Shamubeel Eaqub says : "If you've bought recently, then you're not getting that free increase on your wealth that people in the last 10 to 20 years have got, because house prices were increasing and your debt was getting smaller or staying the same, you were getting wealthier all the time just by being in the housing market, that's no longer true," External link

newshub Saturday, January 26, 2019 12:18:00 AM EAT

Shamubeel Eaqub says : "If you've bought recently, then you're not getting that free increase on your wealth that people in the last 10 to 20 years have got, because house prices were increasing and your debt was getting smaller or staying the same, you were getting wealthier all the time just by being in the housing market, that's no longer true," External link

newshub Friday, January 25, 2019 8:16:00 PM EAT

Shamubeel Eaqub told : "We've had small increases in some prices, but there are some that have been going up a lot, so the headline numbers I think are quite misleading," External link

newshub Wednesday, January 23, 2019 10:17:00 PM EAT

Shamubeel Eaqub said : "The cost of putting someone in health is half of that of locking them up and putting them through the courts," "We get to bring a lot of the revenue off the black market, from the criminal economy, into the full economy. That gives us fiscal resources as well to be able to deploy into the economy" External link

upi Tuesday, December 18, 2018 6:30:00 PM EAT

Shamubeel Eaqub says : "Starting a business is an option," "Those who can, do – but it's not for everyone" External link

Stuff Friday, January 13, 2017 9:21:00 PM EAT

Shamubeel Eaqub says : "When it happens it will be nasty," "There is no other way to describe it. What we have built up is ugly" External link

nzherald Wednesday, December 21, 2016 2:31:00 AM EAT

Shamubeel Eaqub says : "In terms of the chilling effect on the entire economy it's much much bigger," "In Vegas people had these enormous debts that they knew they'd never be able to pay back. In New Zealand people know they have to pay it back" External link

nzherald Wednesday, December 21, 2016 2:31:00 AM EAT

Shamubeel Eaqub says : "We've never had this much debt or this level of over-valuation," External link

Stuff Monday, December 5, 2016 5:27:00 PM EAT

Shamubeel Eaqub says : "Now even if you have a good education it is unlikely that you will have sufficient income to buy a house, unless you have access to the bank of mummy and daddy," External link

nzherald Saturday, November 5, 2016 8:23:00 PM EAT

Shamubeel Eaqub said : "With [debt to income] ratio restrictions, it just means the amount of credit available in the economy is going to be a lot less than it has been in the past," External link

Stuff Tuesday, October 25, 2016 9:24:00 AM EAT

Shamubeel Eaqub said : "There is no precedent that New Zealand has [for debt] relative to the size of our economy, relative to our incomes, you name it," "So the risk is bigger of a longer hangover" External link

Stuff Tuesday, October 4, 2016 6:54:00 AM EAT

Shamubeel Eaqub said : "Do the banks have a particular moral obligation to be there, I don't think so," External link

Stuff Tuesday, August 23, 2016 8:55:00 AM EAT

Shamubeel Eaqub said : "There's nothing in empty houses that's different from the past," External link

nzherald Wednesday, July 27, 2016 2:34:00 AM EAT

Shamubeel Eaqub told : "If anything, we would have fewer ghost houses in the 2013 Census," External link

nzherald Wednesday, July 27, 2016 2:34:00 AM EAT

Shamubeel Eaqub said : "We've got a tax system with a very light touch when it comes to property, whether it's capital gains tax or stamp duty," "It would be a very good thing for New Zealand to tax property purchases because we can ring-fence that tax income. It wouldn't be just a revenue grab but would be used to make houses more affordable and increase the supply of housing" External link

nzherald Monday, July 25, 2016 9:08:00 PM EAT

Shamubeel Eaqub said : "Communication is one of the key tools that the Reserve Bank has available to it — and it is refusing to use it," External link

sltrib Tuesday, June 28, 2016 10:53:00 AM EAT

Shamubeel Eaqub says : "When it happens it will be nasty," "There is no other way to describe it. What we have built up is ugly" External link

nzherald Thursday, June 9, 2016 11:33:00 AM EAT

Shamubeel Eaqub says : "In terms of the chilling effect on the entire economy it's much much bigger," "In Vegas people had these enormous debts that they knew they'd never be able to pay back. In New Zealand people know they have to pay it back" External link

nzherald Thursday, June 9, 2016 11:33:00 AM EAT

Shamubeel Eaqub said : "This Government has shown little initiative on this front but I certainly hope housing will be big in this Budget because moves so far have been too marginal and too incremental to be effective," "To explicitly ask the Government to step in and build houses and related infrastructure flies in the face of current thinking, yet the situation is dire" External link

nzherald Monday, May 23, 2016 9:26:00 AM EAT

Shamubeel Eaqub said : "This Government has shown little initiative on this front but I certainly hope housing will be big in this Budget because moves so far have been too marginal and too incremental to be effective," "To explicitly ask the Government to step in and build houses and related infrastructure flies in the face of current thinking, yet the situation is dire" External link

nzherald Sunday, May 22, 2016 9:12:00 PM EAT

Shamubeel Eaqub said : "The general story on mortgagee sales is very positive," External link

nzherald Thursday, March 5, 2015 8:09:00 PM EAT

Shamubeel Eaqub said : "The RBNZ is in a difficult policy position. Moderate growth, subdued inflation and global risks suggest monetary policy should be supporting growth. But Auckland house prices, which rose nearly 16 percent over the past year, suggest the RBNZ should tighten," External link

xinhuanet_en Tuesday, February 24, 2015 11:06:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
economist85.04%EN03/09/201709/03/2017
author0.43%EN02/01/201701/02/2017
commentator0.43%EN10/26/201626/10/2016
analyst0.43%EN10/07/201607/10/2016
independent economist12.82%EN10/04/201604/10/2016
co-author0.43%EN07/28/201628/07/2016
champion0.43%EN07/27/201627/07/2016
Names Lang Count
Shamubeel EaqubEN100.00%


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