Apr 25, 2008

Yesterday's FT

There being nothing to read (again) today in the New Zealand media we will take apart yesterday's Financial Times. Many interesting articles. Strong Euro Hits Outlook For Manufacturing - sound familiar? John Walley where are you?

Commodities Boom Drives Up Land Values also looked interesting. It seems that while residential and commercial prices are looking increasingly bad in Europe, rural land prices are booming. Global trends are the reason. So why are we not seeing similar headlines in New Zealand? There is another article Investors Pile In As UK Prices Soar. Apparently it is largely offshore money. So why are we not enjoying the same boom in New Zealand? Nothing to do with our overseas investment regulations or our proposal to integrate agriculture into our emissions trading regime...........................