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The end is nigh? Just turn down the noise

Doomsday prophecies bewitch and bewilder us simply because 'Bad News Sells'

ABOUT two months ago I had all my wisdom teeth out - well rather the top teeth were pulled and the bottom teeth chopped off. The day this was to happen a speed test I was running on my iPad was interrupted by an ad screaming "The Australian Recession of 2014: why it's inevitable, click here to find out how to protect your wealth" (for a fee) and the headline on the front page of the AFR was "Economy enters the danger zone". Needless to say all this gloom did nothing to cheer me ahead of the trip to the dentist!

This year has seen an endless list of worries. Ukraine, a property collapse in China, the end of quantitative easing and talk of rate hikes in the US, global deflation, renewed weakness...

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