Reading Round Up
ACC articles of Interest:
Fears on ACC work injury cover… Click Here
ACC to face private competition… Click Here
ACC levies may climb again… Click Here
My Picks for this Month:
New Zealand retirees ‘better off than elsewhere’
New Zealanders have been scared into saving for their retirement, says Finance Minister Bill English, but retirees here will be better off than their counterparts in Europe, Britain and the United States.
Cutting the property investment risk
Maybe the reason people think you are against property investment is that you accentuate the risks rather than the rules. Here are some I can think of:
Learning to love the high dollar
On the flip-side of the coin, a high exchange rate reduces the New Zealand dollar cost of the imported materials used to produce our exports.
Being in cool countries club not so bad.
The New Zealand dollar has risen rapidly since December last year. At the time of writing it was valued at just over US81c, which is up around 7.5 per cent from the middle of December.
Bank blows bubble
Back in 2003, the Reserve Bank missed the biggest shift in the underlying economy in recent history. House prices took off and fuelled a debt-funded spending spree that undermined our export sector and loaded more than $100 billion on to our national debt.
Petrol prices approach record high
Petrol prices are within touching distance of an all-time high following a 3 cent a litre increase.
The price of a litre of regular petrol at stations in most main centres is now $2.199, with diesel increasing 2c to $1.569 a litre.