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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2007 Newsletters
:
20 April 2007
Thought for the Day
On average our houses have been inflating at almost 10% per annum since 1971. The average house price in Auckland is now $443,000. This means that in about 9 years the average home owner in Auckland will be a millionaire.
I wonder how many millionaires there are in Zimbabwe?
Apr 20, 2007, 12:57
Newsletters
:
2007 Newsletters
:
20 April 2007
Recession 2007
New Zealand had a technical recession in the second half of 2005 and most of us didn't even notice. Our government boosted the money supply in 2006 and we are all feeling good again as our houses rise in price.
The US Federal Reserve has managed to inflate its way out of the share market bust of 2001 but in so doing has created the housing bubble. Is this bubble now bursting, what can the "Fed" do about it and will this matter to us?
If the US goes into recession our growth prospects must be greatly reduced.
Apr 12, 2007, 10:59
Newsletters
:
2007 Newsletters
:
20 April 2007
The Pursuit of Busyness
Capitalism always seems to get bad press. Nobody boasts of being a capitalist. Yet most of us work for a living and most of us save something which makes us a bunch of capitalists - using the saved capital to make more money.
If we are all capitalists why are we such a bunch of deniers?
Read on . . .
Apr 12, 2007, 10:39
Newsletters
:
2007 Newsletters
:
20 April 2007
Grey Days
Troubled Airbus finally announces a restructuring plan. But political wrangling will continue to dog the firm.
When politicians attempt to run businesses they trip over the political imperative - "What do we have to do to get elected next time?"
Mar 1, 2007, 11:18
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