Mike Williams: Bubbles do eventually burst 11 Mar, 2021 10:08 PM 5 minutes to read If the supply of houses does indeed exceed demand, then the boom in prices becomes a bust. Photo / File If the supply of houses does indeed exceed demand, then the boom in prices becomes a bust. Photo / File Hawkes Bay Today By: Mike Williams One obvious outcome of the Covid-19 pandemic has been the repeated inaccuracy of predictions about the New Zealand economy from normally reliable sources. Just this week the tax take came out well above that which many economists had predicted and there were more jobs created than lost, resulting in a decrease in those on the jobseeker allowance.