You
only know something is true when you hear the official denial
Joyce
pours scorn on bubble prediction
Associate
Finance Minister Steven Joyce is scornful of suggestions that New
Zealand is experiencing an economic bubble that might burst.
20
April, 2014
He
says New Zealand's recovery is solid and broadly based.
The
prediction of a collapse came from an American economic commentator
Jesse Colombo, writing in Forbes magazine.
Mr
Colombo predicted the 2008 crash and says high house prices combined
with an end to low interest rates in New Zealand could cause collapse
here.
But
Mr Joyce said Mr Colombo is possessed with economic bubbles and
spends his time predicting collapses in many countries.
He
added Mr Colombo has picked
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