This is a new-look Bulletin with changes made as a result of the review we polled you on last year, and a lot of thinking on our part. You’ll see the difference in the information section following the commentary. It’s designed to be easy to skim read, but with links you can click for further information if you want to dig a bit deeper. As always, we’re interested in comments. We will develop the concepts further as we go on. I’d like to thank Andrew Chick who has done most of the work on this, and will be continuing to update it.
I hope you had a restful and refreshing break. There’s a big year ahead with many uncertainties. In New Zealand the election is already in politicians’ minds with battle lines being drawn around asset sales, taxes, savings and economic development. The economy is important in most elections, but it will dominate it this year. More than that, the economy could eclipse the election if it turns bad.