Bill Ralston writes:
Message to John Key and his new Government: No pressure.
Well, just a global financial market collapse, a deepening recession, a growing deficit, a crisis meeting with many of the world’s top leaders, shrinking commodity prices and a body blow to our other big export earner – the tourist industry – from the British departure tax.
The recession especially is of grave concern. Previous recessions have been for less than a year, while this recession may last two or even more years.