Blind Man’s Bluff

Gareth MorganProperty

Gareth Morgan, Director of Gareth Morgan Investments Like a herd of stuck swine, second hand house dealers have squealed with indignation at the Infometrics analysis of last week that pointed to the likelihood householders would be diluting their exposure to … Read More

Pounded Into Submission

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The humiliating currency experience for the British over recent weeks illustrates the folly of weak commitment to price stability. The British failed to defend their currency within its EMS band by not resorting … Read More

Aussie Economic Reform: Cold Feet

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Faced with the prospect of a strong dose of rationalist economics should John Hewson win power in the upcoming election, Australia is getting cold feet. Ever the skilful politician, Paul Keating is enunciating … Read More

An Inflation Rectangle

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments “Inflation is dead” has been the catchcry for some time, but that did not stop most forecasters being caught out by a lower than expected inflation figure for the September 1991 quarter. It … Read More

Who’s Crying Now?

Gareth MorganInvesting

Gareth Morgan, Director of Gareth Morgan Investments It’s been a bad month for Fletcher Challenge shareholders. Owners of New Zealand’s largest corporate have been hit by a once in millennium financial disaster – share price meltdown. Collectively they’ve lost around … Read More

Auctioning Off The Unemployed

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The Minister of Labour likes directing the unemployed by personal decree. His decision to send workers forth to help the flood-affected farmers of the Manawatu follows on from earlier examples of direct labour … Read More

Insufficient Confidence

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments There has been financial market concern that the rise in German interest rates would lead to other members of the. EMS having to raise their rates in order to preserve the current alignment … Read More

On Your Tod

Gareth MorganInvesting

Gareth Morgan, Director of Gareth Morgan Investments The publication earlier this week by the Presbyterian church of survey findings on retirement savings, suggests the Todd Task Force missed the point. The church research found that up to one third of … Read More

Fiscal Irresponsibility Fuels Domestic Stagnation

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments That the long term interest rate in NZ has fallen dramatically over the last month could be a source of rejoicing for those looking for an investment lead expansion in GDP. But despite … Read More

The Budget: A Sobering Tone

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The 1992 Budget reveals a most sober official forecast of both the official accounts and the economy. The correct/unemployment rate being forecast over the next two years is over 13% and the budget … Read More