|"Richard Hooper" <email@example.com>
|Sun, 27 Jan 2002 11:04:12 +1300
There seems to be a flaw in NZ econmic system,at least 20yrs old now, relating to NZ savings.
It hasn't seem to worry the economists nor Tresury boffins in the past ...so.....what is Don Brash referring to really ....time to fix the flaws in the system to make NZ more business orientated / efficient??........if no change perhaps a warning that another extra interest rate be added to compensate for our many defiencies within the system???....or what???
There seems to be more questions than answers here.
Maybe the problem could be too hard to fix without causing much pain,so no politician is willing to try......
It seems clear cut however that if some tinkering is started that the first sector that will feel the pain would be the retail market sector with the trickle down to other markets happening at various stages later. Small retail businesses are very fragile at the best of times thanks to WHS BSG PRG RBD etc...so what happens if the government tips the scales too much???
Scary stuff........I wouldn't like the job to fix the nations saving record, would you???
Live long and prosper a little less