Is there really a world financial crisis?…
I went to the beach today and for the first time in my life I was a little worried about sharks. The reason I was feeling like this was the huge number of recent stories in the Perth news about shark sightings. Its as if there are more sharks lurking in our beaches than ever! And yet reality is that there have always been sharks and there are probably fewer now than ever before because we are better at killing them.
But the more we are told that something is true the more likely we are to believe it.
Which makes me wonder if the world is really in such a bad state… or… if we have heard some news reports and the result has been a self fulfilling prophecy.
We hear that things are bad so we sell our shares and as we sell our shares things get bad, so we sell more shares. So the media reports on the growing crisis and we get alarmed… and so it goes on.
Were things really that bad 6 months ago?
Or has media reporting actually created the crisis?
Whatever the case I am off to Lancelin tomorrow to go surfing and I know there is 50 000 x more chance of me getting killed on the road on the way there than getting eaten by a shark!