Michael Reddell: GDP-Live….has limitations

Richard Prebble, once upon a time an Associate Minister of Finance, has a column in the Herald this morning which he devotes to the twin causes of bashing the Reserve Bank and singing the praises of an interesting nowcasting data project run by a Massey academic, GDP Live. I’m quite partial to a fairly critical approach to today’s Reserve Bank of New Zealand (even had a post in mind on the very subject for today), but I don’t find Prebble’s stick to beat them with – GDP Live – particularly persuasive on this occasion.