Futility of Protectionism: Bye Bye American Pie

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments With the US economic recovery hitting air pockets, arch protectionist Ross Perot on the march again, and the US senate throwing marbles under Mr Clinton’s programme of fiscal stimulus, it’s not surprising the … Read More

Keynesian Loonies On The Loose Again

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments It’s political chic again to denigrate monetarism and regurgitate Keynesianism, why? In the US the Reagan era was followed by an economic recession in 1990 as asset price deflation induced a crumbling in … Read More

Human Wealth

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments NZ has 0.6 practising accountants per 1000 people, Australia 0.5, Britain 0.4, the US 0.2, France and Germany, 0.1, while Taiwan has 0.01. If we excelled in creating wealth to the same extent … Read More

The Unemployables

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments While the NZ economy will continue to recover over the following two years, there’s little prospect for employment gains translating into a marked reduction in unemployment. At the heart of the labour market’s … Read More

The Insufficiency Of Economic Weaponry

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The Australian public were spooked last week by the clinical solution the Hewson opposition had for Australia’s future. Despite the transparency which Hewson’ s Fightback document brought the Coalition’s policy alternative, the public … Read More

Contradictions of Market Commentary

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The recent retort from Bancorp that criticism of the RB’s tightening of monetary policy is unwarranted, really is wide of the mark. Few that have queried the Bank’s policy this year have questioned … Read More

Fair Or Unfair to Middling ?

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Desperately out to capture votes before his party is dropped into a black hole, Paul Keating has been tossing blues around this last week. Amongst his initiatives was the introduction of a payment … Read More

Look Who’s Talking

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The confidence with which Ruth Richardson admonished Bill Clinton’s embrace of lax increases to address his country’s structural budget deficit, is reminiscent of the cockiness of one of her predecessors just before his … Read More

A Speculator’s Dream

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments George the New York speculator, tired after a day of super profits punting the Irish currency, settles down for a night’s sleep. Dreaming of no sin but to be rich, his avaricious fantasy … Read More

Protectionist Cronies

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The Buy New Zealand campaign sponsored by the Manufacturers Association generates warm fuzzies among the ignorant, but little besides. There’s a complement to the slogan which qualifies its relevance. That is, New Zealanders … Read More