Thanks to a 24 hour news cycle, we now have rolling updates on everything from around the world, if we choose to keep glued to our TV and computer screens.

And for some it’s quite addictive. Because just as reality TV has capitalised on people’s fixation to watch the good, the bad and the ugly of people’s everyday lives - so too has society’s appetite grown for watching global events unfold before our very eyes.

If we need a recent example, who can ever forget the Japanese tsunami?

But this has had more serious implications on matters of economic importance such as what might happen to official interest rates, because expert’s predictions can now change from da- to- day.

Just take the events of the last few weeks…

In early August analysts were tipping rates to rise because of higher than expected inflation figures for the June quarter.  And then… as global sharemarkets all took a huge tumble thanks a still tenuous US economy and the economic situation in Europe, a rate cut was then being more widely predicted.

And most recently, RBA Governor Glenn Stevens last week told a parliamentary committee, that Australia is well positioned to tackle any further weakening of international conditions and that inflation data is “still concerning,” easing speculation they will cut interest rates.

It’s a bit like watching a tennis match, with volleys going back and forth. When really, all consumers want is some semblance of stability - which is difficult to attain in an information rich world where everyone can so easily promote their opinion.

So for borrowers, this abundance of information can be overwhelming and needs to be balanced out by starting to think about their goals again so that no matter what happens, you have a clear path to follow.

Keep your eyes on the prize, but remember that too much information can sometimes be a dangerous thing.  And perspective is a wonderful bedfellow.