Maybe that Hussman guy that was rubbished on here last week was right after all
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Long standing NZ policies have made companies in the NZ stock exchange and NZ share investors a rare breed - in comparison with other English speaking nations. So you should be asking an entirely different question.
It depends on the definition of “socialist”. Many in NZ regard “socialists” as those who think there needs to be investment priority and tax reform (even reform that would merely bring NZ in line with many other OECD countries.) So not the nationalisation type of socialist. This “socialist” (according to some,) is an avid supporter of a healthy stock market with a broad based NZ shareholder base, who regard investing in NZ business and companies as their main investment instead of investing in high priced NZ real estate. Instead of in effect subsidising real estate investment as at the moment, NZ could subsidise high tech and business development. Let the germinating businesses have a chance of staying and growing in NZ and not have to cross the ditch or be bought out by overseas companies in order to flourish.
Fonterra cuts farmgate milk price again, putting further squeeze on dairy farmers :scared: must be expecting further falls in auction results
https://www.stuff.co.nz/business/far...-dairy-farmers
The world's best stock - Nvidia - posts Q2 FY2024 results soon. See how we go there. A.I. stocks might stop the wider market from tanking...