The Worm Turns

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments Only two weeks after castigating Paul Keating and George Bush for considering an expansion of fiscal policy as an appropriate means to accelerate economic recovery, our own PM has returned to his roots … Read More

Nouveaux Pauvres

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments A family of two adults and three children, one at University and two at school, have a set of expenditures that could reasonably be the following;   Family Gross Income: $50,000 Less Tax: … Read More

Glass House Politics

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments This week we’ve had two condemnations from our government of the fiscal expansions being considered by the Australian and US governments. The adoption of a “holier than thou” stance by both PM Bolger … Read More

Investment Woes ?

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Over the current financial year investment expenditure by businesses is likely to be 17% lower in real terms than in 1990/91. This projection is supported by import figures, which show capital plant and … Read More

Secondary and Tertiary Commodities

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Those exporters who have been calling for a lower dollar to bolster their incomes would have to have had one of their better Christmases in some years. The currency kept falling right through … Read More

Fiscal Chumps

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments December 17 has rolled around again and once more proved to be an exciting date on our annual political economic calendar. Yesterday saw the government acknowledge its fiscal plans for 1991/92 have been … Read More

Cullen and Hewson, Different Planets

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The appointment last week of Michael Cullen as shadow Minister of Finance cements the difference in policy emphasis that New Zealanders are being offered now compared to Australians. Here both parties are into … Read More

Of The Times

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments That the government’s fiscal policy is off track, no matter what the latest assurances are from the Minister of Finance, could be a source of financial market consternation and lead to an upward … Read More

Bringing Back the Birch

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The Minister of Finance’s “balanced budget by 1993” is a dead duck, overtaken by government’s desire to stop offending special interest groups such as superannuitants. But as the sun sets on fiscal austerity … Read More

The Balance of Payments Not All Black

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments During their World Cup campaign All Black sagacity evaporated. This, rather than any lack of fitness or individual skills was apparent through all of their games. The strategic inadequacy was predominant in the … Read More