Forum Archive Index - February 2002

[ichi@ihug.co.nz]

hugh webber wrote:
> 
> My view is that we have a relative absence of attractive buying, 

Who knows?  A few years down the track, today's prices might 
(in retrospect) be quite attractive.  When Telecom is at $10,
people will be saying:  "Why or why didn't I buy at $5."

> a relative absence of news 

Actually, there's plenty of news at the moment.  Wrightson, 
Bendon, FPH, Telcom, Tranzrail, etc.

> and a static sharemarket in price terms 

Static?  Fletcher Forests, Brierley, FPH and Telecom have been 
moving plenty.  Bendon is involved in a two-way (three-way?)
takeover battle.  Lots of action.

> which all make for an absence of posts.

Haven't you heard:  investing is passe.  All the "now" people are 
into spending, not saving.  zip-zap, no problem.  For the first 
time since the depression, New Zealand's aggregate household net 
saving is negative.

>I'd ditch all the NZQA approved turn up to class and you'll get a 
> certificate stuff in favour of doing the International Baccalaureate.

Once upon a time, there were three co-educational state secondary 
schools in a New Zealand provincial city.  Two of the schools had
poor academic results and only a few hundred students attended 
these schools.  The third school had excellent academic results
and had 1300 students.  This situation persisted for several years.
Eventually, it was decided to combine the two smaller schools and
give them a new name and image.  Same students, same staff, same
decile (2).  But a new image!  The International Baccalaureate!
And they lived happily ever after.  Yeah, right.

> Degrees in maori Myths and Legends, basket weaving, and in being
> PC just won't hack it overseas, or, increasingly, in NZ in the 
> future. 

I'm not too sure about that.  If the socialists get re-elected,
there will be plenty of jobs for people with PC degrees.
Social workers, counsellors, Treaty of Waitangi researchers, 
government bureaucrats, broadcast journalists, teachers, 
lawyers, probation officers, and so on.



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