We're all doomed.....

Is it just me or does everyone agree that the only thing we have to fear is fear itself?

There is a front page today www.thedaily.com.au selling doom and gloom – predicting hard times for all.

Australia has just copped seven interest rate rises - thanks to America’s financial
mis-management – but part of the reason for that is the strength of Australia’s economy.

We’re doing so well, we’re spending too much and the reserve bank is trying to slow us down.

Australia is not in recession.

That doesn’t mean everything is perfect – far from it.

Figures released yesterday suggested the Sunshine Coast is one of the least affordable places in Australia to buy property – and that’s not ideal – especially if you don't already own property here - but it also suggests to me that there are plenty of people with money and they like to spend it here.

I don’t understand the willingness of some media to talk things down - sending the market into a spiral of fear helps no-one.

To bugger up a Mark Twain quote – "rumours of our demise have been greatly exaggerated."