"The students didn't stop boom-kacking for a month".
Stop! Stop!" boomed Sir Mark, shattering my illusions.
To begin with, the economy may stop booming.
J.K. Galbraith, who recounts the story in "A Short History of Financial Euphoria", detects a whiff of anti-Semitism in Warburg's treatment.If it is hard to stop booms once they are in full swing, it is no easier to prevent them from starting in the first place.
But soon he is interrupted — Lena sees a silver airplane pass overhead, then hears "a thundering, time-stopping boom".
Then, last May, the real estate market stopped booming.
But that didn't stop the boom.
It is only these firm foundations that we can raise Britain's underlying economic performance". "Now it is true to say in Britain that the last forty years has been characterised by stop go, boom bust, instability in economic policy.
April 28 1998, speech by the chancellor to the British American business council in London: "Now it is true to say in Britain that the last forty years has been characterised by stop go, boom bust, instability in economic policy.
Remember the old days, what was called the British problem: stop go, boom bust, unstable cycles…Britain the country usually first in, worst hit and last out of any world downturn; invariably hit by an inflation problem that prevented interest rates falling when they needed to come down; and usually then by wage inflation that could not be afforded and prevented you making long term investment.
Mr Cable told the BBC: "In the short-run, the immediate problem is to stop this boom getting out of control".
