He seems to be criticising his own staff, among others, JanM. It could just be my reading of it but I gained the assumption he was saying we need better teachers than the ones we've got. I'd very surprised if anyone went into teaching with anything but ...
[lprent: Removed at commenter request. ] How would people like having this guy for a boss.... "James Morris: Finest teachers needed to ensure students succeed" https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12105817 As the saying goes, a ...
Yeah they were certainly a bit vague on the details weren't they. It's the parents guaranteeing the loan that tells the main story. No typical 18yr old can walk in to the bank and get a mortgage like that.
Yeah, they must really need the advertising revenue from the real estate industry.
Looks like the property market has stalled, the Herald is trying to pimp it again; "Aucklander, 21, already owns 11 properties around New Zealand " https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12102563 The abridged version: You too can be...
I've often wondered if we're rebellious in our teens because we felt betrayed by our peers. Most of us are brought up to be respectful of others, to not lie cheat or steal. It's in our teenage years when we discover adults are everything we're taught not ...
Cripes gosman what more do you want, should they dig up the box and scatter his bones? You do know there can be more than one baddie don't you? Muldoon more than paid for his part in this. He ended up being the fall guy; the patsy who everyone blamed. It's...
Nah, the sting was done and dusted by then. They could have started investigating the funding of the speculators and possibly found some illegal doings but I wasn't bothered about that personally. What wasn't looked into much is the speculators themselves ...
Only in your view Nic, I'm happy to take Eastons word for it. He's no fool. You're a bit like gosman in the way you want to divert my argument. My position is clear enough. I wanted the speculators identified so we all knew who they were. In the pursuit of...
Sure, this was one of my reading matter, pretty long but quite interesting ; https://www.eastonbh.ac.nz/1989/09/from_run_to_float_the_making_of_the_rogernomics_exchange_rate_policy/ Easton tends to go more into the dry economics and the personalities ...
"You have yet to advise why you think a Currency rate for the NZ Dollar set by Muldoon was beneficial to the NZ economy." That would be like you advising when you stopped beating your wife. I've made no comments about what the currency rate should be. Why ...
No they weren't breaking any laws. A part of me can admit to a grudging admiration at their opportunism. But the part of me who is a taxpayer and voter also wants some utu, they did harm to the country and while they can keep their riches they should also ...
It's very irrational. A thief can be acting rationally so you'd be quite happy for thieves to be involved with Government too?
I'll leave you to argue that with the economists who agreed it was the taxpayer who ultimately paid the tab. Brian Easton is one.
Well lets assume the devaluation netted the speculators $500 million. In your world the RB just magics up $500 million out of nowhere and gives it to them. Even in that scenario they're getting $500 million while the rest of the taxpayers are getting ...
You might want to think that one through gosman, it's not very rational.
Didn't take you long to run out of argument did it gosman.
The constitutional crisis came about because Muldoon wanted to call the speculators bluff and refused to devalue. If there had been no speculation on the currency there would have been no crisis.
Not true gosman. When demand for forex became heavy prior to the election, and started running down existing reserves, the Reserve Bank started selling forward contracts as an alternative to borrowing more foreign exchange. They could always borrow more ...
You can couch it whichever way you want it was still taxpayer money being handed out to the speculators. And no they weren't running out of forex. You do know what a forward contract is?
It had a very big impact on our election and electoral system gosman, it triggered the constitutional crisis for starters. I think it was perfectly reasonable for us to demand to know who the speculators were. Then we'd have known who couldn't be trusted ...
The value of the currency is irrelevant to the conversation gosman. It's the undermining of our election, the deliberate harm done to our economy and the looting of the taxpayer purse we're talking about here,
You're spouting bullshit Gosman. The currency speculation was a short term gamble and the need or not need to devalue wasn't one with time constraints. 90% of the forward contracts with the reserve bank were due to mature before the end of August. The ...
The morality of the situation completely escapes you doesn't it Gosman. If you want to paint it as a rational act it should also be rational that the victims of the speculation, aka the Government and us taxpayers, would want to enact some revenge over ...
The Reserve Bank was in charge of foreign exchange back then Nic. The sting was a simple one; Buy forex from the reserve bank for $1 before the election and sell it back to the reserve bank for $1.20 after devaluation. Since the reserve bank was funded by ...
With Muldoon making one of his sporadic appearances I thought to do some reading to see how good the memory is. It's an interesting exercise, one to serve as a reminder that the memory is always flawed and two to be reminded how one's own bias and personal...
We're pretty close in recollections there McFlock but my memory is Douglas also devalued the $NZ by 20% before floating it. That was the tussle right after the election - Muldoon refused to devalue and wouldn't give up control over that. They finally ...
I can remember much of the so-called crisis Marcus and what it was about and what it was over. My recollection is the currency crisis came about because someone blabbed that Douglas would devalue the dollar if Labour was elected. Look it up, it was one of ...
No, we're just wandering off as often happens. In my initial post I only meant that if we'd had a super fund back then it likely would have gorged on the sharemarket feeding frenzy of the '80s and blown all its members' dosh. As for the Muldoon bit, talk ...
That's more about the old adage of the victors writing the history books Anne. There can't have been a 'huge run on the NZ dollar'. We had a fixed currency, it wasn't traded.
That's bollocks Anne, NZ had a healthy balance sheet we weren't even close to being bankrupt. If memory serves me correctly Langes mob left us with a much greater debt than Muldoons lot... and a shitload less assets
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