A lot of what he say makes good sense and interesting reading.
Is NG sound policy? Many arguments for and against.
Is it skewed towards the rich? Certainly looks like it.
Does it stimulate the building / construction industry? To a degree but not as much as we would like.
Is it here to stay?
Yep, you bet. All good to discuss it but it is here to stay regardless of the debate (IMO) and it is a great little vehicle to accrue assets of ALL classes.
Re the interest rate reductions - I don't feel that it is making any significant difference in stimulating the economy. Puts more money in some of our pockets, plenty in the banks coffers but nothing material elsewhere that I can see.
