Ethical
Agents Ltd 54 Hobill Ave Wiri PO Box 97-110
SAMC
Ph 09-262-1388 Fax 09-262-1411
Freephone 0800 800-624
email eage@xtra.co.nz website
www.ethicalagents.co.nz
Special points of interest:
Proof of efficacy should be de rigueur for oral calcium products.
Why rehydration is more difficult in horses than humans.
Sick circus elephants - a blast from the past.
If we thought we were a negative bunch after the rugby world cup, then it had nothing on the doom and gloom propounded in the media recently regarding the economic outlook.
After two years of predicting a crash in real estate, that never happened, the media seem to be taking great glee in proposing that the current market correction is the start of a massive depression.
Bank economists, with their own agendas, are also climbing on board with the old cliché about the US economy sneezing and giving us a cold.
The sub prime mortgage debacle in the States was certainly greed gone mad, but it was still a localized issue and should have little effect on our economy, especially as it happened in mid 2007 and the US itself is already getting over it.
The drought in the Waikato has been used to further fan the flames and is a tremendous example of how we should be looking past the gloom.
The dairy payout from Fonterra has jumped to $7.30/kg milk solids due to a shortfall in the world’s commodities market caused by, of all things, the drought in the Waikato!
New Zealand provides 24% of the total world dairy export market so our drop in production really is a large factor.
The upshot is that dairy farmers will get the same payout for two months less work, not a bad deal in anyone’s language.
As they say, another day’s drought is another day closer to the rain!
In addition to the record payout for our greatest earner, New Zealand has become the first country in the world to sign a free trade agreement with the new force in the world economy, China, breaking our total dependence on the fickle US economy.
Add in the fact that net migration is continuing, keeping up the demand for housing, why should things be so bleak?
It looked as if the media was waking up with the production of the above cartoon in the NZ Herald, which had been up to that stage doing the Reserve Bank’s job for it, but recent issues have continued in the same dismal theme.