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Friday, 17 May 2013 16:40

Dumb call

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ACCORDING TO a mate of the Hound, God invented astrologers to try to make economists look good. 

And after recent comments by Westpac economist Nathan Penny, that the cost to New Zealand’s economy of the drought could be close to zero thanks to the sharp gains in world dairy prices, your canine crusader would have to agree with his mate’s sentiments. It was all nicely summed up in the headline of a media release issued by Federated Farmers adverse events spokesperson and West Coast provincial president Katie Milne, following Penny’s reported remarks: ‘Rainfall missing in some areas – like economists’ logic’.

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