Michael Pascoe: In tough times, we’re still lucky

The global economy is in a volatile and dangerous place, but Australia is on better footing than most, Michael Pascoe writes.

It might seem perverse, but there’s something reassuring about the markets and so much commentary predicting recession and disaster.

Not that there’s anything reassuring about the idea of a global recession and the rising unemployment it would deliver, but generally when everyone is convinced we are about to fall off a cliff, we don’t.