Don't Mention The "R" Word
To the average person on the street or the average business owner (who is often the average person on the street), a drop on the daily sharemarket means nothing. The sun still rises in the east and sets in the west. You still go about your day as usual providing your services or manufacturing your widgets or selling your wares.
So it annoys me when the media starts running around using the "R" word and acting like chicken little screaming "the sky is falling".
I believe that the negative reporting of financial matters can often fuel negative sentiment which reduces consumer confidence....and so on.
The media should be talking our economy up - not driving it into the ground.
Federal Treasurer Josh Frydenberg was out this week reassuring everyone that Australia is in great shape - regardless of what the media reports. Click here to listen to one of his interviews.