Monday, December 1, 2008

South Island, NZ

Our vacation was, as it were, a years worth of pure, absolute, total and complete delight crammed into a week. The South Island of New Zealand is an breathtakingly beautiful part of the world. And its pristine, relatively uninhabited, and pure. And given the global economic environment, NZ was actually a great value. The interest rate arbitrage game is now over as their central government reduces rates to ease the credit crunch and as a result the currency has eroded significantly. If you are into the outdoors, NZ is probably the best value today. This photo of Fjorland was taken from a low altitude aircraft close to Queenstown.