Thank Goodness, War

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Gareth Morgan, Director of Gareth Morgan Investments Last week may have been the best week NZ has had since the recession bit in 1987. The reasons? The Gulf war began at last, and NZ’s ex-oil inflation for the past year … Read More

About Time

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Gareth Morgan, Director of Gareth Morgan Investments Friday’s move by the RB to haul back a little on the easing monetary conditions was overdue. While the threat of immediate inflation may well be minor, as various sector interests have been … Read More

NZ Capital Markets: Heaps More Change

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Gareth Morgan, Director of Gareth Morgan Investments Once financial deregulation descended, NZ’s established capital market structures came under tremendous pressures. We have seen the sharemarket suffer an enormous reversal in value with low prospects of that particular market ever returning … Read More

A Christmas Package of Substance

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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

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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

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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

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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

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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?

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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

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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