Choosing a path forward I have talked quite a bit about the factors that I believe are inhibiting a recovery in housing markets and some potential solutions to the problems I identified. We have had a severe financial crisis with housing and housing finance playing a central role, and recovery is not likely to be quick or easy.
So I think he would re-write his quotable phrase, to suggest that the key ingredient in the immense progress we have made in the past ten years has been, not “semper aliquid novi”, but “semper aliquid normalis” - always something normal out of South Africa.