So Gareth Morgan told Paul Holmes on Newstalk ZB this morning.
Then, just when I thought financial English couldn’t get any plainer, Gareth said this:
“We’re toying with a depression.” Ouch.
And this: “New Zealand is extremely exposed.” Double ouch.
Even Gareth can’t get much more black and white than that. And this morning, his mood was all black.
Clearly the American moms and dads are leaning on their congressmen to exact revenge on the fat cats.
Yet by vetoing the $700 billion bailout of the finance sector, guess who they’re really punishing?