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"The swing from bust to boom has been stronger than elsewhere, and industry has not traditionally planned ahead well".
Forcing greater financial discipline on SOEs should reduce pro-cyclical investment and thus China's tendency to swing from boom to bust.
But then he has been an architect for long enough to know that reputations, fame, fortune – and even one's name – come and go as fashions change and economies swing from boom to bust.
That was the belief that sound management of the economy would avoid the wild swings from boom to bust of the Tory years and the financial calamities that swamped every previous Labour government.
One is that aspirational people on lower incomes have massive incentives to take on too-great debts to support their living standards - which exacerbates the propensity of the economy to swing from boom to financial-crisis bust.
The Russian economy, which seesaws from boom to bust along with commodity prices in the best of times, has experienced the most extreme swing from growth to contraction of any large economy in the current downturn.
The switch from boom to bust has had a drastic effect.
Fueling Speculation 10.09.02 Alternative-energy stocks have gone from boom to bust.
And since that's unsustainable, we lumber from boom to bust.
Measure from just under your bust to where you want the skirt to fall.
"This is going to take me from being a hammer to a jackhammer in terms of trying to bust this research question up," he says.
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