SCOREBOARD: A confidence glass jaw

Our media's pessimism risks turning falsely fragile confidence into a real economic problem.

Ahh confidence. Such a fragile thing. So easily disturbed given the growing brittleness of our national psyche. This is the week we find out how happy Australia’s businesses and consumers are. Anecdotally you’d have to say that we’re not very happy. We’ve had an extraordinary run of press lately to the point where I saw one politician having to dismiss the apparent jobs crisis we’ve got. "What jobs crisis?” he rightly said. But he had to say it and when we’ve got an unemployment rate of 5.2 per cent this is not a conversation that you should be having.

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