For A Few Dollars More

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments In the Wellington Central election campaign Labour candidate Chris Laidlaw has extolled the benefits a “small” rise in taxes would deliver in terms of preserving free education and health systems. The idea that … Read More

Political Cycles

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The political change in the US is not a purely domestic phenomenon. To a large degree the policy changes that the US commenced under Reagan have been mimicked in other capitalist economies, including … Read More

Fiscal Irresponsibility Fuels Domestic Stagnation

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments That the long term interest rate in NZ has fallen dramatically over the last month could be a source of rejoicing for those looking for an investment lead expansion in GDP. But despite … Read More

The Budget: A Sobering Tone

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The 1992 Budget reveals a most sober official forecast of both the official accounts and the economy. The correct/unemployment rate being forecast over the next two years is over 13% and the budget … Read More

Fiscal Policy: A Victim of Monetary Policy

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments The government’s revised fiscal projections confirm a trend noted in our February forecast report and press release on that report made on March 24. To quote from that release, “National has failed to … 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

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

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

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

Education Bucks: Use Welfare Monies

Gareth MorganPolitics

Gareth Morgan, Director of Gareth Morgan Investments 70% of French 18 year olds are in full time education or off-the-job training; in West Germany 81%, in the US 79%, in Japan 77%, and in Australia 60% of 18 year old … Read More