Here is some very sobering reading from one of the worlds leading financial publications. This indicates that the downturn in dairy prices isnt anything as potentially serious as the so-called housing boom. The real irony of the housing boom is that this is an Auckland phenomenon and that we in places like Oamaru, Dunedin, or Whanganiui are along for the ride and theres nothing we can do about it. New Zealand urgently needs a regional development policy that encourages business, industry and human beings to be encouraged to consider areas outside Auckland. When or if the bubble does burst and we go into economic melt-down, it will be because we allowed it to happen. forbes/sites/jessecolombo/2014/04/17/12-reasons-why-new-zealands-economic-bubble-will-end-in-disaster/
Posted on: Fri, 26 Sep 2014 01:08:56 +0000