OnPoint: The Super Fun(d) Shell Game
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That's like saying that physics is too bloody complicated and we should go back to the Plum Pudding Model.
Physics is beautiful. And the theory of the atom, they might as well still call it the mother fucking plum pudding model, electrons spend the majority of their time in other dimensions.It deserves a trippy name.
Economics...ugly, unsatisfying, a poorly researched subject ,although we all know a history teacher who had a nice grasp of historical failures
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Isn't it interesting how many a media and/or National-friendly commentator pointed out how horribly the Super Fund had done in the immediate past and that we therefore shouldn't be borrowing to play the "international equity casino".
Just of interest - since just before the decision to halt contributions in May's Budget, the NZSF has gained 33%. Now presuming the Budget provides the NZSF with a one-off annual capital injection (unsure?) that's a looooot of cash we've left on the table.
Yup, both sides of that fun little game completely fail to address the long-term strategy of the Fund and the extraordinary markets they've faced in the last 24 months - but isn't it funny that we only got one side of that story?
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