Real Estate Statement Misleading
Finance Minister Michael Cullen today strongly rebutted suggestions from the Real Estate Institute that he was promoting shares as a primary investment vehicle rather than residential property.
“To take that interpretation from my speech to the Auckland Chamber of Commerce is misleading and mischievous.
impartial reading of the speech, which is accessible on my
website, will show that I was advocating that as a nation,
we have to lift our overall savings rate and that there
would be positive benefits to the economy if some of those
extra savings went into the sharemarket where they could
help to grow New Zealand companies,” he