Forum Archive Index - October 2000

["hugh webber" <hugh.webber@clear.net.nz>]

Don't be totally ridiculous RIL, I presume this is just
another stir.
How else do you think the Japanese had such a massive
continuous export led boom since WW2 up to a few years
ago other than by manipulating the yen as low as they
could for as long as they could.
Except for overseas trippers and importers a low NZ
dollar is the best thing that could happen to NZ. It stimulates
NZ exports, chokes off imports, raises employment and 
growth, encourages inwards tourism, corrects the balance of payments
deficit. 
Just because the media is abysmally uneducated in
economics doesn't excuse investors from not being
more switched on.
Apart from a couple of instances of timing the major criticism
of Brash is that he has gambled everything on crushing
inflationary expectations and the inflationary climate and cost plus
mentality at the expense of a high NZ dollar and NZ's balance of payments.
Anyway, I suppose I can console myself that he won't resign 
just because RIL has jumped the wrong way let alone Cullen jumping
the wrong way.

cheers,
Hugh 

----------
> From: RIL <ril99_99@yahoo.co.uk>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] Brash Must Go!
> Date: Saturday, 7 October 2000 2:06
> 
> Have been to NZ Herald site and can not believe what I
> read.
> 
> Brash is saying a low dollar is good. I can not
> believe a central banker can be that stupid. He should
> be fired immediately. Or central banking control
> should be handed to Canberra.
> 
> 
> 
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