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[sharechat] NZ super scheme?

From:	"hyperion" <hyperion@ihug.co.nz>
Date:	Fri, 17 Mar 2000 11:00:14 +1300

Seeing the NZmarket is in a much depressed state as of late, and the government is toying with a super annuation scheme do you think they could lift the market by agressivly buying back stock. There are alot of bargans out there as we all know, but with little or no overseas capital flowing in will they ever be relised? The Belgain stock exchange took the same downward spiral as NZ has done and now it is dissolved and most large companies are owned by foriegn countrys. With an agressive buy back of utillities shares and other value stocks by the government I am sure we would all benifit and it would make a much more liquid market which would inturn increase foriebn investment! Not to mention a pension when we are old and frail..... Your thoughts on this would be apreciated :)

Cheers For your St Pats day celebration!

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