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Bearish But Balanced Economics Crisis Piece From Roger Bootle

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http://www.telegraph.co.uk/money/main.jhtm.../24/ccom124.xml

all a bit calm-minded for some

( additionally Bootle, if you've seen his previous columns and webcasts on the Torygraph, thinks this is the 'big one' in house price correction terms )

However, he also says that whether we go as far as depression comes down to whether politicians make wrong decisions. Also in 1920s US fed reserve was in infancy and was therefore influenced by bad political decisions inclduing severe protectionism, and poss Euro central bank could have similar issues.

In my opinion, thank goodness we have the sane people in the BoE to look after us, as far as they can in an international situation!

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http://www.telegraph.co.uk/money/main.jhtm.../24/ccom124.xml

all a bit calm-minded for some

( additionally Bootle, if you've seen his previous columns and webcasts on the Torygraph, thinks this is the 'big one' in house price correction terms )

However, he also says that whether we go as far as depression comes down to whether politicians make wrong decisions. Also in 1920s US fed reserve was in infancy and was therefore influenced by bad political decisions inclduing severe protectionism, and poss Euro central bank could have similar issues.

In my opinion, thank goodness we have the sane people in the BoE to look after us, as far as they can in an international situation!

Highly respected by who ?

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This suggests the key requirements to turn a financial crisis into a systemic disaster. First, the damage must extend to the banking system; second, the United States must be affected in a major way; third, there must be a major policy error.

We have had precisely one great depression, this seems to be rather a small sample upon which to base an entire article.

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We have had precisely one great depression, this seems to be rather a small sample upon which to base an entire article.

..which is thus by definition the one worth looking into, as it was the biggest by far in modern times.

that, and the broad economic growth ever since. Unless you think the fundamental principles of economics have changed then why shouldn't these be phenomena of note and lesson-givers?

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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