Importer of the Year

Gareth MorganEconomics

Gareth Morgan, director of Gareth Morgan Investments The annual Kiwi ritual of bestowing Exporter of the Year trophies has confirmed once again the reverence with which the business and government establishment regard exporting activity. Over many years now New Zealanders have … Read More

Sly Diggers

Gareth MorganEconomics

Gareth Morgan, director of Gareth Morgan Investments A certain smugness pervades the air when New Zealanders discuss the Aussie economy. Those poor Aussies are struggling to prevent the Budget deficit exploding under the pressure of pre-election promises. Their notorious “add-ons” … Read More

Yen Ascendancy Unreal

Gareth MorganEconomics

Gareth Morgan, director of Gareth Morgan Investments Last week’s move by the US Fed to cap the yen's rise was significant. Until then the Clinton administration had been quite happy to let the yen keep soaring thus putting market pressure … Read More

Bellhop Time

Gareth MorganEconomics

Gareth Morgan, director of Gareth Morgan Investments Globally, interest rates continue to fall as economic recovery in the expensive economies of the industrialised world – remains meek, and inflation slowly ebbs. This fall in rates can be put squarely down … Read More

Futility of Protectionism: Bye Bye American Pie

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments With the US economic recovery hitting air pockets, arch protectionist Ross Perot on the march again, and the US senate throwing marbles under Mr Clinton’s programme of fiscal stimulus, it’s not surprising the … Read More

Human Wealth

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments NZ has 0.6 practising accountants per 1000 people, Australia 0.5, Britain 0.4, the US 0.2, France and Germany, 0.1, while Taiwan has 0.01. If we excelled in creating wealth to the same extent … Read More

The Unemployables

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments While the NZ economy will continue to recover over the following two years, there’s little prospect for employment gains translating into a marked reduction in unemployment. At the heart of the labour market’s … Read More

The Insufficiency Of Economic Weaponry

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The Australian public were spooked last week by the clinical solution the Hewson opposition had for Australia’s future. Despite the transparency which Hewson’ s Fightback document brought the Coalition’s policy alternative, the public … Read More

Contradictions of Market Commentary

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The recent retort from Bancorp that criticism of the RB’s tightening of monetary policy is unwarranted, really is wide of the mark. Few that have queried the Bank’s policy this year have questioned … Read More

Fair Or Unfair to Middling ?

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Desperately out to capture votes before his party is dropped into a black hole, Paul Keating has been tossing blues around this last week. Amongst his initiatives was the introduction of a payment … Read More