Friday, April 02, 2004
Riding the money-go-round
Trying to suss out where the economy is going is sometimes like watching a merry-go-round. The horses go up and down and round and round, but ultimately none of the riders really go anywhere (and the music can get on your wick big time!).
The question that's not quite on everybody's lips (but guarantee this time next year it will be): Are we in for a bumpy economic ride leading up to the next General Election? New Zealand's economy rides hugely on the back of the strength of the American dollar. So where's the US dollar going?
The short answer: no-one knows.
But a very thoughtful analysis of the US economic scene is provided by Robert Brenner. You don't need too great a head for figures to get the gist of what he's saying.
Trying to suss out where the economy is going is sometimes like watching a merry-go-round. The horses go up and down and round and round, but ultimately none of the riders really go anywhere (and the music can get on your wick big time!).
The question that's not quite on everybody's lips (but guarantee this time next year it will be): Are we in for a bumpy economic ride leading up to the next General Election? New Zealand's economy rides hugely on the back of the strength of the American dollar. So where's the US dollar going?
The short answer: no-one knows.
But a very thoughtful analysis of the US economic scene is provided by Robert Brenner. You don't need too great a head for figures to get the gist of what he's saying.
