Is it different this time?

mewbie_2

For some years, they've stopped now, the bulls were saying "it's different this time" as though the bubble would continue for ever. They were wrong and it wasn't different. Now I can hear the same message being chanted about the recession and the end of the world - this recession is different this time.

I have a suspicion that each bubble and bust is always slightly different, but not by so much that it's a new paradigm - whatever that is.

So my feeling is that it isn't different this time. That the economic cycle will continue to play on, and in a hopefully short while in terms of our lives, plans, hopes, etc. we will back to business as usual.

purch

I have a suspicion that each bubble and bust is always slightly different, but not by so much that it's a new paradigm - whatever that is.

Look...................I said I've mislaid by Dictionary, so cut it out !!! :mad:

Pobby

Good post mewbie. I expect you are right, well I am banking on it with only a few years to retirement.

The " it`s different this time " malarky re the housing market used to make me laugh/ angry.

purch

- this recession is different this time.

It is...........nothing like this has ever happened before.

But then again, nothing like the Great Depression had ever happened before either, and the World got over that in the end.

The most frightening thing isn't that we might not get back to 'business as usual', but that no one really knows what medicine is required (other than that it will be tough) or what the other repurcussions of any action taken will eventually be.

So I don't agree that it isn't different this time, but I do agree that at some point the cycle will start to turn again.

amcluesent

>I have a suspicion that each bubble and bust is always slightly different<

"Every happy family is alike, but each unhappy family is unhappy in it's own way.", Tolstoy

Cleaver

amcluesent wrote: »

"Every happy family is alike, but each unhappy family is unhappy in it's own way.", Tolstoy

"I don't think there's ever been anyone like me that's lasted. And I'm going to keep lasting." - Paris Hilton

Two can play at the intellectual quote game my friend.

SGE1

Does it really matter either way? They're sufficiently 'unlike' each other for us to be unable to apply the same solutions; or, if they are alike, so far all the solutions we've applied in the past haven't really worked, so we're still in the process of guessing how to sort things out, by trial and error.

lostinrates

purch wrote: »

no one really knows what medicine is required (other than that it will be tough) .

this medecine metaphor is really getting into a lot of threads, I prefer the alcohol one myself

Graham_Devon

Times are different, so solutions are going to be different. Due to the times being different, so are the problems.

I often see these people referring to how it was worse in the 70's because of x y and z. But x y and z is no longer used as a tool of working.

Such as, for instance, a lot less families had both people at work. The internet has made us far more global, the media attention and access to information is 24/7.

All these things seem to be totally forgotten when comparing things.

Personally, I feel we are no different, and I do not see why whats happened in the past, several times over, cannot happen again, as they appear to be saying.

Same sh*t, different day.

b0rker

Cleaver wrote: »

"I don't think there's ever been anyone like me that's lasted. And I'm going to keep lasting." - Paris Hilton

I will see your Hilton and raise you a Bush.

"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we."

Yeeeha! The recessions are on me!

Cannon_Fodder

SGE1 wrote: »

...so we're still in the process of guessing how to sort things out, by trial and error.

Nice to have that admitted, instead of the usual spin.

If GB was that honest it could do wonders for both his credibility and popularity...