He may not have been accurate in his predictions, but Heaton Haglund certainly got a hoot out of reading the letter he wrote in 1987, unearthed by construction workers last week.
The letter had been popped in a glass prescription bottle and stashed away as a time capsule behind a skirting board in the old Clarke's Jewellers' building when Mr Haglund's pharmacy used the store.
It was written in July, just as the fit-out for the store was completed, and tells of the weather - "a wet cold miserable day" - and the current economic climate.
"Business still continues to be hard as the effects of the rural downturn continue to plague the spending power and inclination of the general population. However, I am confident the situation will improve and that we have reached the bottom point so that it could be on the up from now on."
Black Monday, when stock markets around the world crashed and New Zealand markets lost 60 per cent of their value, hit on October 19 of that year.