Quotes of the day:
. . . Even during booms some businesses will fail, and even during recessions some businesses will soar. That is because what ultimately determines the fate of companies is not whether the economy grows 1% or shrinks 1%, but the quality of management and their ability to anticipate and handle changing conditions be they for their markets, their inputs or their processes. . .
. . . Members of the Opposition believe monetary fairies can make the exchange rate settle permanently lower by forcing interest rate cuts and printing money while letting inflation therefore go up. Given the non-zero possibility that such economically ignorant policies get introduced it is worth getting inflation protection by investing more in property – not less. . .
Both from BNZ’s Weekly Overview by Tony Alexander