by The Landlord
In an equities outlook report entitled Into the Bearpit, analyst Bernard Doyle argues the sharemarket has risen 50% since February on a capital gain and reinvested dividends basis. The gains have continued despite evidence that domestic and global growth both peaked during the second quarter of 2004; that house prices are slowing and there is a risk they will go into decline; that bond valuations are stretched; and that GS JB Were expects global equities to range trade (mark time) for the next six to nine months.« Building consents plummet | New tax requirements for NZ-based foreign trusts » |
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