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

Fruit Cakes?

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The self flagellation-by kiwifruit growers over the appropriate marketing structures they should employ is little more than a distraction for that industry along its path to peasant status. The saga of the Kiwifruit … Read More

On Fine Tuning The Exchange Rate

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Now that the RB has averted the fall in the TWI below its tolerance level of 53, albeit at a higher level of interest rates, it’s appropriate for them to let us know … Read More

Beyond The Intelligence of Two Planks

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments NZ sawmillers are having to pay more for their logs because of a rise in export prices. According to some this is the epitome of injustice threatening the existence of NZ-based processors. The … Read More

Another Year

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments As 1992 draws to a close and another election year looms in 1993, it’s opportune to reflect on the economy and its likely future. 1992 has seen the beginnings of economic recovery, led … Read More

The Exchange Rate Crisis

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Reserve Bank Governor Don Brash is defending the value of the currency as vigorously as any of his European counterparts have done in recent months. But will he fail, as most of them … Read More

Taxing Logic

Gareth MorganTax and Welfare

Gareth Morgan, Director of Gareth Morgan Investments Minister of Finance Richardson has overridden private sector objections to her proposed international tax regime which, as it stands, promises to impose NZ tax on the tax paid by NZ firms overseas. The … Read More

A New Opposition

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments Last week’s publication of the Alliance’s policy document raises the question of which opposition party provides the most credible alternative. To date Labour has had the role of opposition as its own preserve, … Read More