Not much to smile about, especially if you're working in the property industry, you'd think. And yet, over the past month, the media has been peppered with some surprising, some outrageous, examples of bullishness in the face of adversity.

There’s a neurological function – a release of endorphins – that causes a person otherwise under stress and pain to experience a kind of euphoria. Long distance runners know it. They call it “runner’s high”. Japanese Kamikaze pilots knew it. It was what got them out of bed on the morning of a raid, helped them eat their breakfasts and (somewhat illogically) put on their crash helmets. Call me a cynic, but I see a correlation, here.

Our publisher puts a damper on things, in his weekly guest column, over at Citywire.

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