A Christmas Package of Substance

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The economic package will be pivotal in determining whether recent political ‘change has been picayune. To prove it isn’t the government must deliver significant structural reform in public sector outlays and avoid the … Read More

Gatt Collapse: Not So Bad

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The failure of the GATT to produce significant cuts in agricultural protection is an opportunity for Ni’s agricultural industry. The news holds little cheer for our producers of agricultural commodities, but they’ve been … Read More

Silly Summits

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The Economic Summit. held in 1985 decided NZ had to reform its policy delinquency. No more use of monetary policy as the instrument of stop/start fine tuning; no more neglect,. of inflation as … Read More

Shunning Economic Demagoguery

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The vexing issue facing many monetary authorities around the world over late 1990, has been whether to tighten monetary policy to counter the inflationary trends that are arising, most recently fuelled by oil, … Read More

How Different We’ve Become

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments In NZ we dread a sustained oil price crisis because it will exacerbate an already weak economic performance, Australian financial markets are almost greeting that same news with delirium. Now it’s always been … Read More

Lower Inflation?

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments To the extent that the agreement between the government, the CTU, and the RBNZ delivers lower inflation, then NZ is closer to the day when the risk premium accorded our interest rates by … Read More

Searching For Higher Inflation

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments As we get nearer the election National’s support of disinflation is melting, and with it the credibility of their promised growth goals. The claim that through the policy plans they have released, economic … Read More

Labour Misses The Point

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The shift at mill that Labour engineered last week really is the limit. The point they choose to miss is that the reason for the widespread political disaffection manifest in the undecided vote … Read More

Oh No, Why Can’t They Learn?

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The release of the National Party’s Industry Policy last week was like a return visit to the chamber of horrors, and in itself should leave no doubt in the financial market’s mind bow … Read More

Sleepwalking To Oblivion

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments As soon as it was released, the budget was recognised by informed opinion as fiscal malfeasance. By condemning a future government to dipping further into debt markets, and/or raising taxes, Labour continued the … Read More