After being heavily involved in various facets of the UK markets for a few years and having since returned to NZ, I am in a good position to compare the way each country is handling itself.
Lets not kid ourselves that NZ is going to sail throught this recession unscathed, it will be a recession, possibly a long one. But if any of you have been paying attention to what is happening in the UK... I am massively happy to now have my investments totally out of the UK. The country is on a serious road to a VERY hard recession. Brown would ahve to the most inept prime minister in generations. I find it quite sad as I do have a geniune fondness for the UK.
This isnt a post about how great NZ is, we have, and will have troubles. But comared to the US and UK... we are in clover land, even taking into account export drops.
Lets not kid ourselves that NZ is going to sail throught this recession unscathed, it will be a recession, possibly a long one. But if any of you have been paying attention to what is happening in the UK... I am massively happy to now have my investments totally out of the UK. The country is on a serious road to a VERY hard recession. Brown would ahve to the most inept prime minister in generations. I find it quite sad as I do have a geniune fondness for the UK.
This isnt a post about how great NZ is, we have, and will have troubles. But comared to the US and UK... we are in clover land, even taking into account export drops.
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