So an investment bank comes to the conclusion in a report that too few New Zealand firms are listed, especially on New Zealand’s stock exchange. Aha. Why do people take all this capital deepening rubbish seriously – we are a small open economy, with open access to financial markets. As long as price signals are […]
With people running away from European banks, and global investors nervous, they have been moving swiftly towards “safe” assets – such as the Yen and the Swiss Franc. There has been sustained intervention in these currencies since late-July, but now the Swiss National Bank has gone a step further – they have set a minimum […]
Quite. (ht Marginal Revolution) The issues in Europe remain the most concerning thing for me at the moment – the US has a large drought and a weak patch, but at least we don’t have to ask if their central bank has the ability to always act as a lender of last resort. The fact […]
It is true, and yes it is obvious … however, just because it is obvious doesn’t make it a useless fact – in truth it is an essential, and oft ignored point to keep in mind. As raised here (ht MR): Those of us who actually work in industry and are involved in large engineering […]
I see that Labour has suggested a youth training policy – I like it. I am not a fan of their tax policy (I’d fund by reproritising spending, or just increasing tax rates if society so desires, or best of all – actually improving the tax system), but that has nothing to do with this. […]
From point 3 on this piece on Rates Blog we have the following statement: It’s good to see the issue of free trade being debated. Frankly, it hasn’t worked for the middle classes of the developed world. They got cheap stuff, but lost their jobs. How exactly does this make sense when during the “peak” […]