donkey Posted November 3, 2011 Share Posted November 3, 2011 Surely some rules/controls/etc. can now be devised, implemented and enforced, to avoid yet another bis repetita of '29, wherein share prices bear just about no correspondence to a company's actual worth (or, in our more enlightened times (), financial products built from risky never-never money à la subprime mortgages can even be traded). This is the crux of the matter. One approach would be to introduce a system of 'brakes' - the idea being to identify products and services which are rapidly valuing solely on the expectation of further rises in value (a bubble) - as opposed to a rise in their intrinsic value - and put in place measures designed to stop these 'feeding frenzies' in their tracks, before they gain momentum. The big problem is that global politics is so closely linked to the people and institutions who make vast fortunes from the boom and bust system. It would take a sea change in public opinion and awareness to exert the type of pressure neccessary to impose fundamental change. I'm not massively optimistic about it. Link to comment Share on other sites More sharing options...
lizmachin Posted November 3, 2011 Share Posted November 3, 2011 That sounds lovely. How do you sign up and how many people do you need for it to happen ? I read the independent occasionally if that's a help. You pretend it's 1968. You move to Laurel Canyon and smoke lots of weed and wear a Kaftan and dance around with flowers in your hair. You need a different strategy for 1969. Link to comment Share on other sites More sharing options...
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