2004

A Bullish Toast to 2005 - part 1
Another perspective on the US economy and markets for 2005. ...
20 December 2004 - investment - Outside article

A Bullish Toast to 2005 -- part 2
Another perspective on the US economy and markets for 2005. ...
20 December 2004 - investment - Outside article

Another Invitation to take more risk and lose
Absolute returns funds are just another way to pay higher fees, take on more risk and increase your chances of losing. Designed to appeal to dreamers....
16 December 2004 - investment - Gareth Morgan

Dining Out on the Spoils
Our economy keeps roaring - in defiance of all predictions. Will it end in tears?...
10 December 2004 - currency / b. of payments - Gareth Morgan

Cullen’s Choke Collar Causes Stobo Stumble
The veracity of the Stobo report on taxation of investment income, reflects the quality of its terms of reference. Rubbish in, rubbish out....
2 December 2004 - investment - Gareth Morgan

A fresh spin on some old problems
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2 December 2004 - investment - Outside article

Capital Guaranteed? Bah Humbug
The promise is simply deception....
25 November 2004 - investment - Gareth Morgan

East, East, and Away: Will Your Job Move to China?
The rise of China as an economic power that could overtake the U.S. in two decades as the world's largest economy often arouses anxiety. Among the most pervasive fears among U.S. workers is that China could become a magnet attracting not just manufacturing jobs but also those that require other kinds of knowledge-intensive work. How valid are these fears? ...
25 November 2004 - investment - Outside article

One Phoney Regulation Spawns a Heap
Advocating price controls for cellphone calls suggests the Commerce Commission is having trouble keeping up with technological progress. It also exposes how dumb the Kiwi Share's requirement that local land line calls be free....
18 November 2004 - markets / regulation - Gareth Morgan

Financial Task Force Faces Goliath
The Task Force on Financial Intermediation needs to hold consumers' interest foremost. The savings industry will try its hardest to ensure they don't....
11 November 2004 - investment - Gareth Morgan

Corporates and their “Flexi-Ethics”
It's easier for corporates to have slipshod ethics than individuals. The reason is managers can hide behind the bhurka of limited liability and the separable corporate entity....
5 November 2004 - law, order, & crime - Gareth Morgan

The great New Zealand savings rort
In the first of three articles on the results from a survey of New Zealand’s investment providers and products, economist and investment portfolio manager Dr Gareth Morgan considers why the Consumers’ Institute discovered that investors typically receive around a third of the returns their invested funds earn. In subsequent articles Dr Morgan investigates the reasons for the market failure that perpetuates these losses, what regulators are doing about it, and why it’s irrational for the New Zealand government to force even more of the public’s savings into the arms of this high-cost, poor-performing industry....
5 November 2004 - investment - Gareth Morgan

Double-dipping, gouging and low returns
In the second of three articles on the savings and investment industry, economist and investment portfolio manager Dr Gareth Morgan examines why investment product providers have been able to get away with charging fees so high that they render the returns to mum and dad investors woefully lower than returns they can enjoy from other investment options....
5 November 2004 - investment - Gareth Morgan