Thursday, June 22, 2006

New Zealanders can't handle money

For some stupid reason we love to spend much more than we earn and as a result our current account deficit is 4.1 billion for the last quarter or 9.3% of GDP.
maybe its about time to burn some lenders for being so stupid as to lend to all the fiscally irresponsible New Zealanders.
Either that or the economy is just noting that New Zealand is deeply uncompetitive and we don’t really produce much worth buying. Either way - sort it out kiwis!


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