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Can we end boom and bust?

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    Er. slight omission there of the people who lose money when assets drop?

    and the even bigger omission that there are people that lose money when assets rise
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    edited 9 June 2009 at 7:27PM
    chucky wrote: »
    and the even bigger omission that there are people that lose money when assets rise
    Well, without wishing to argue but not sure why its a bigger omission? Surely they are both about the same size.

    Let's settle on "you win some, you lose some"
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    Well, without wishing to argue but not sure why its a bigger omission? Surely they are both about the same size.

    Let's settle on "you win some, you lose some"

    ok -but that doesn't mean that you and me are internet buddies :money:

    ps. you always want to argue. you've become Mr Angry
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    ps. you always want to argue. you've become Mr Angry
    No I haven't.


    OK OK, I did lose it with you, and... perhaps... that was unfair. But let's not argue over who was right and who was wrong (you were wrong). I'm not suggesting a truce either, just I need to rein back my desire to attack you.
  • prowla
    prowla Posts: 14,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Only an idiot would claim they could bring an end to boom and bust!
  • richardlionheart
    richardlionheart Posts: 276 Forumite
    prowla wrote: »
    Only an idiot would claim they could bring an end to boom and bust!

    well he definately ended the boom !
  • bluey890
    bluey890 Posts: 1,020 Forumite
    prowla wrote: »
    Only an idiot would claim they could bring an end to boom and bust!

    Kept people voting Labour, that is until they saw the lie with their own eyes.

    One could argue that it was an intelligent move.
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    As soon as I see someone sitting on a beach and sucessfully telling the tide not to come in, then I will believe we can have an end to boom and bust.

    The trouble with just prescribing "more regulation" seems to ignore the fact that we have had booms before when the regulatory burden was higher, The late 80's housing boom was not hugely different to this one - not much buy to let then, but plenty of people banding together to utilise Miras before it went.

    When we have the next boom under tighter regulation, what will we demand then - yet more regulation ?

    You either have more regulation and government interference in free markets, or you enjoy more freedom to make your own decisions without government telling you what you can do.

    We can't have our cake and eat it.
    US housing: it's not a bubble

     Moneyweek, December 2005
  • prowla
    prowla Posts: 14,166 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    richardlionheart wrote: »
    well he definately ended the boom !
    Yep - the boom went up in a puff of smoke.
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