Relax! This too will pass

2008-02-12 00:00

Well, 2008 certainly started with a bang. The future was rosy on December 31, 2007, but suddenly everyone is buying candles and researching property in Perth.

This is not the first time there’s been doom and gloom. Every few years the same thing happens. We experience massive economic growth, everyone is optimistic and buying Nescafé Gold and holiday homes and Mercs. The positivity gets ahead of itself and the economy overheats and then panic sets in because the economy seems to be collapsing when in actual fact it’s simply making an adjustment back to a reasonable level.

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