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

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

Pounded Into Submission

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The humiliating currency experience for the British over recent weeks illustrates the folly of weak commitment to price stability. The British failed to defend their currency within its EMS band by not resorting … Read More

Aussie Economic Reform: Cold Feet

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments Faced with the prospect of a strong dose of rationalist economics should John Hewson win power in the upcoming election, Australia is getting cold feet. Ever the skilful politician, Paul Keating is enunciating … Read More

An Inflation Rectangle

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments “Inflation is dead” has been the catchcry for some time, but that did not stop most forecasters being caught out by a lower than expected inflation figure for the September 1991 quarter. It … Read More

Auctioning Off The Unemployed

Gareth MorganEconomics

Gareth Morgan, Director of Gareth Morgan Investments The Minister of Labour likes directing the unemployed by personal decree. His decision to send workers forth to help the flood-affected farmers of the Manawatu follows on from earlier examples of direct labour … Read More