The document discusses overreactions to the credit squeeze crisis. It suggests that concerns about the crisis from richer countries may be overblown, as most affected areas have been able to manage the situation. It recommends not panicking, learning from what triggered the crisis, and realizing continued growth is possible without excessive borrowing. Living in the present without worrying too much about the future is advised, until an actual crisis emerges requiring focus on long-term implications.

1. The Credit Squeeze The “Cry of the Rich” that has a way of sounding much louder than it really is and therefore not see the overreactions they are allowing themselves to succumb to. Like the Y2K scare!

3. Most affected areas http://news.bbc.co.uk/2/hi/business/7654647.stm