Quotes & Sayings About Boom And Bust

Variable behaviour of the sun is an obvious explanation, and there is increasing evidence that Earth's climate responds to changing patterns of solarmagnetic activity ... If you look back into the sun's past, you find that we live in a period of abnormally high solar activity ... It's a boom-bust system, and I would expect a crash soon ... Having a crash would certainly allow us to pin down the sun's true level of influence on the Earth's climate. Then we will be able to act on fact, rather than from fear. — Nigel Weiss

Britain does not want a return to boom and bust. — Gordon Brown

As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street It's the growing federal debt (and weakening dollar) being enacted by those Washington politicians - the ones who want to protect us from Wall Street. — Tony Blankley

As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise. — Murray Rothbard

I wonder, sometimes, whether men and women in fact are capable of learning from history
whether we progress from one stage to the next in an upward course or whether we just ride the cycles of boom and bust, war and peace, ascent and decline. — Barack Obama

Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions. — Peter D. Schiff

What do you do when you build yourself - only to realize you built yourself with the wrong things? You rip it up and start again. That is the work of your teenage years - to build up and tear down and build up again, over and over, endlessly, like speeded-up film of cities during boom times and wars. To be fearless, and endless, in your reinventions - to keep twisting on nineteen, going bust, and dealing in again, and again. Invent, invent, invent. — Caitlin Moran

'The Victorian Internet' is a must read for anyone interested in the history of technology and in the cycles of hype, boom, and bust that seem to only quicken with each new wave of innovation. Highly recommended. — John Battelle

Rigorous financial discipline that, together with monetary stability, ends once and for all the boom and bust that for 30 years has undermined stability — Gordon Brown

This crisis didn't have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to fifteen years. But we figured out how to fix it. Coming out of the Great Depression, the country put tough rules in place that gave us fifty years without a financial crisis. But in the 1980s, we started pulling the threads out of the regulatory fabric, and we found ourselves back in the boom-and-bust cycle. When this crisis is over, there will be a once-in-a-generation chance to rewrite the rules. What we set in place will determine whether our country continues down this path toward a boom-and-bust economy or whether we reestablish an economy with more stability that gives ordinary folks a chance at real prosperity. — Elizabeth Warren

Indeed, Britain was set to repeat the old, familiar cycle of boom and bust. Since then, we have created and rigorously adhered to a new framework of modern economic management — Gordon Brown

As on Easter Island and at Chaco Canyon, Maya peak population numbers were followed swiftly by political and social collapse. Paralleling the eventual extension of agriculture from Easter Island's coastal lowlands to its uplands, and from the Mimbres floodplain to the hills, Copan's inhabitants also expanded from the floodplain to the more fragile hill slopes, leaving them with a larger population to feed when the agricultural boom in the hills went bust. Like Easter Island chiefs erecting ever larger statues, eventually crowned by pukao, and like Anasazi elite treating themselves to necklaces of 2,000 turquoise beads, Maya kings sought to outdo each other with more and more impressive temples, covered with thicker and thicker plaster-reminiscent in turn of the extravagant conspicuous consumption by modern American CEOs. The passivity of Easter chiefs and Maya kings in the face of the real big threats to their societies completes our list of disquieting parallels. — Jared Diamond

The UK still has time to accelerate the take-up of renewable energy and put the nation on a path towards clean energy that is cheaper, stable and more sustainable. We have a stark choice: We can stay stuck in the last century's boom and bust approach to our economy in the way we consume energy and resources, or create a sustainable, stable and renewable energy infrastructure with the long term environmental and employment benefits that ensue — Phil Harding

Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history — Gordon Brown

Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust. — Gordon Brown

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles. — Fred Wilson

So Pabrai added the following checkpoint to his list: when analysing a company, stop and confirm that you've asked yourself whether the revenues might be overstated or understated due to boom or bust conditions. — Atul Gawande

Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt. — Philip Hammond

Under this Government, Britain will not return to the boom and bust of the past. — Gordon Brown

The 20th Century approach to economics, resource depletion and over-consumption means we boom and bust until we bust more than we boom; that is precisely what is happening. In a low growth economy, the true meaning of resource efficiency in business and in everything we do is essential — Phil Harding

Fred Harrison explains in The Power in the Land how land values over time become so expensive that too little wealth is left to pay for goods and services. Real estate speculation allows property owners to demand tomorrow's wealth output today, because they have the power to withhold land from use in expectation of future gains. Artificial constrictions in the supply of land make the price increase at a rate the economy can't sustain. Land eventually becomes unaffordable and recession follows leading to a bust before the next boom commences. — Martin Adams

As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system. — George Soros

The Government's first priority on coming to office was to secure long-term economic stability and put an end to the damaging cycle of boom and bust. — Alan Johnson

Labour economic stability has replaced Tory boom and bust — John Prescott

As I said, there are two approaches-first, a strong economy, stability and helping families or, secondly, the Tory cuts, the undermining of stability, and a return to the boom and bust of the 1990s. — Alistair Darling

In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy. — George Soros

Starting in 1792 with George Washington, there were financial crises every ten to fifteen years. Panics, bank runs, credit freezes, crashes, depressions. People lost their farms, families were wiped out. This went on for more than a hundred years, until the Great Depression, when Oklahoma turned to dust. "We can do better than this." Americans said. "We don't need to go back to the boom-and-bust cycle." The Great Depression produced three regulations:
The FDIC-your bank deposits were safe.
Glass-Steagall-banks couldn't go crazy with your money.
The SEC-stock markets would be tightly controlled.
For fifty years, these rules kept America from having another financial crisis. Not one panic or meltdown or freeze. They gave Americans security and prosperity. Banking was dull. The country produced the greatest middle class the world had ever seen. — Elizabeth Warren

There could be no better time to read THE END OF BLISS, Rhonda Cutler's beautifully researched and heartfelt novel about another of our great country's bust-and-boom cycles. The story of how the Merkals redefine themselves and their marriage through the Great Depression and after shines a personal light on a continuing American story--and provides, in our own time of flux, universal understanding and solace."
JENNA BLUM, New York Times bestselling author of Those Who Save Us and The Stormchasers — Rhonda Ringler Cutler

I think the dot-com boom and bust represented the end of the beginning. The industry is more mature today. — Carly Fiorina

In 1997, we faced daunting challenges. Boom and bust economics ... Now, for all that remains to be done, dwell for a moment on what has been achieved. — Tony Blair

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt. — Tony Blair

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it. — Elizabeth Warren

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out whole industries within months. — Charles Duhigg

Having lived in Florida for as long as you did as well, Jeb Bush has never really been that great of a politician. He's benefited from a lot of good luck.He torched his own campaign in '94, he had a weak Democratic opponent in '98, he benefited from the Clinton boom and got out before the Bush bust. — Joy-Ann Reid

On top of that, we have a healthy and stable economy and an end to the boom and bust that characterised the Tory years. — Alistair Darling

The British economy of the future must be built not on the shifting sands of boom and bust, but on the bedrock of prudent and wise economic management for the long term. It is only these firm foundations that we can raise Britain's underlying economic performance. — Gordon Brown

Moreover, for decades we have been prone to far greater swings in the economic cycle than our continental counterparts. It has been boom and bust ... Under this Government, there is an entirely new framework for economic management in place — Tony Blair

An important book for understanding the history of our economic boom & bust cycles. It's an eye-opening account of how we are repeating the mistakes of the 1760's, 1850's, and 1920's. The author is a brilliant writer and is so good at explaining even the most complex subjects in a compelling & easy to understand way. The next crash will be painful but it's important to understand what is being done to us, and how we can learn from history and take action. — Thom Hartmann

There are lots of cycles to markets - boom and bust - and also in perceptions of people. The conventional wisdom of Steve Case as genius or fool was highly cyclical. The truth was always in the middle. — Steve Case

In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again. — James Buchan

Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 and 1987.In economies and politics, as in war, an astonishing number of people die, like the man on the railway crossing, defending their right of way. This is a poorly developed instinct in Switzerland. No country so firmly avows the principles of private enterprise but in few have the practical concessions to socialism been more numerous and varied. — John Kenneth Galbraith

If we want to contrast what we have done in the past few years on delivery with what the right hon. and learned Gentleman delivered, let us remember the interest rates at 10 per cent. to 15 per cent., the 1.5 million fewer people in work, the boom and the bust and the borrowing at 8 per cent. — Tony Blair

Gordon Brown promised to abolish boom and bust. He has kept half his promise. — William Hague

The politicians looked after the mandarins. The mandarins looked after the central bankers and the regulators. (The governor of the Central Bank was paid more in 2008 than the chairman of the US Federal Reserve, as was the chief executive of the Financial Regulator.) The Central Bankers looked after the bankers. The bankers looked after IBEC. And IBEC looked after the government. The circle of oligarchs was watertight. — Shane Ross

A city built on rivers and bituminous coal, Pittsburgh in the '90s has survived the boom and bust years. — Bill Dedman

The first big choice: a government with the strength to deliver stability, or a government that takes the country back to boom and bust. — Tony Blair

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust. — Rachel Nichols

Market capitalism survived and prospered after the boom-bust industrial revolution of the 19th century, and the Great Depression and world wars of the 20th century. It will recover from the financial panic of 2008-09 and Obamanomics. — Mark Skousen