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End to boom and bust: How not to deal with the boom with bank nationalisation.

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posted on Oct, 13 2008 @ 03:48 PM
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As part of their bank buyout, the British Government wants mortgage lending up to the level of the very peak of the market, possibly to continue with the boom. The point with markets is that they are both 'true' but liable to 'corrections.'

If you had a graph of a bubble, and wanted to go back in time onto the upwards curve, would you choose the peak, or assume that the market had been 'corrected.' So why does the government want 2007 levels of borrowing, they clearly destroyed the economy.

When will any government just take stable growth and not need the bubble extremeties? Answers on a postage stamp........




posted on Oct, 13 2008 @ 03:56 PM
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I'll add to that, it is absolute folly for the tax payer to uphold these boom price scenarios, and it is absolute folly to assume what the banks assumed a year ago with what we know now.



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