While you and I have been worrying about the economic crisis, David Skilling of the NZ Insitute and Mark Weldon of the NZX have been busy reconceiving their bold, and possibly brilliant, response to the economic crisis. Their report, Swan Dive or Belly Flop, is the second version with responses to critics, improvements to the analysis and alterations to some detail.
You can respond to the report here.
I’ll have more coherent thoughts about it once I’ve had a decent read. But initially my reaction is that it’s terrific that the guys have not just let loose their load once, but actually taken the trouble to absorb responses and resubmit it. Since Weldon arrived he has taken the leadership role of the NZX to heart. The only shame is it's a crisis that he's responding to.
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