Investment Beggars

Gareth MorganInvesting

Gareth Morgan, Director of Gareth Morgan Investments NZ requires an investment resurgence over the next year if it is to achieve significant economic growth. The chances of the household sector leading the recovery via a consumption splurge are not high, … Read More

Negating Mega-Inefficiency

Gareth MorganInvesting

Gareth Morgan, Director of Gareth Morgan Investments Energy efficiency has been sidelined in the process of restructuring the electricity industry. It is a service industry, yet electricity is treated as though it is a satisficing good: the more you have, … Read More

Policy Spastics

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Last week’s London “Economist” magazine drew the distinction between Australia’s recovery and our own. The magazine noted the export-led nature of NZ’s upturn and postulated that in contrast Australia’s would be accompanied by … Read More

High Country Cry Babies

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The kerfuffle whipped up by Rob Storey over Mobil’s refusal to accept differential pricing of petrol, highlights another policy contradiction. The same Cabinet is considering a public enquiry to establish why NZ Post … Read More

Fiscal Vigilantes

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments For our politicians, so often the butt of abuse, the opportunity to pillory Treasury officials over their tax forecasting skills, must be as welcome as the chance impoverished Angelenos have had to rebel, … Read More

Country Risk Premium

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments One of the oft-heard points of dissatisfaction expressed by the Reserve Bank, is the persistance of high real interest rates in NZ, despite their obvious commitment to price stability. Despite this official frustration, … Read More

Managers are the Bottleneck

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The Porter report on New Zealand identified lack of education as one of this economy’s major shortcomings. The government is aware of the issues and has held a conference on them. Human capital … Read More

Something To Crowe About

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The success of New Zealand’s World Cup cricket squad was a surprise to many followers of the game. Conventional wisdom, as espoused by the many commentators on the game, had it that New … Read More

What Threatens The Recovery?

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments While there is growth in export sector incomes, most households are still struggling with static to declining incomes. In their latest economic forecasts Infometrics notes that the increasing burden of compulsory charges for … Read More

Migrant Improvement

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The economic debate on immigration centres most often on whether raising numbers is likely to be of net benefit. Just as legitimate an issue is whether present immigration levels add, detract or don’t … Read More