"Feedback that government has been receiving has seen industry urging it to deliver a "message of hope" and this lay in managing perceptions of doom and gloom, which have been enforced by news of falling revenues, operational losses and lay-offs. Recognising deepening investor anxiety and hesitancy, government is keen to prevent a "negative cycle" from gathering momentum -- where bad news becomes a self-fulfilling prophesy."
My Comments: Expectations are key. It is undeniable that burgeoning exports drove a large part of the industrial boom in the mid-oughts. Policy stimulus helps, but will not mark the bottom in domestic equities. Global factors assume much greater importance. The impact on markets should prove ephemeral.
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