This time 20 out of 27 economists surveyed by Bloomberg predicted a Reserve Bank rate cut that didn't happen.
http://www.abc.net.au/news/2012-11-06/rates-on-hold-in-november/4355798?WT.svl=news1
You can only feel sorry for economists. Presumably they are trying to do a good job. Maybe it is just the Reserve Bank that got it wrong.
But it is even sorrier for us, if these guys are running our economic affairs. Let's just hope that they are not doing too much harm.
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