[sridharps]

Originally Posted by vnabhi

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
I n the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 each and when the man returns from the city, you can sell them to him for $50 each." The villagers rounded up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!
Now you have a better understanding of how the stock market works.

LOL. Good one! Only one doesn't know whether to laugh or cry since it is so uncomfortably close to reality.

[DCEite]

Why always the economic development and so called "economic boom" have to be in a form of a Bubble?
Why can't we have controlled economic boom?
Why can't we have a more balanced and equal growth which is more exhausitive and nor limited to a particular class of people/region?
Why can't real estate builders develop affordable 1-2 room housing for the aam-janta, as against building only luxury villas and 3-4 bedroom apartments and selling at ridiculously high prices?
?
Why is everyone inetrested in filling their pockets with loads of money and getting rich, with minimum of hard work ?
Why is there so much greed everywhere?
Why it seems we are living in a man-eat-man world?

[CtrlAltDel]

ah...we have a communist here!

there is nothign called a "controlled boom" buddy.

Why can't we have a more balanced and equal growth which is more exhausitive and nor limited to a particular class of people/region?

that cant be achived until u start punishing the achievers to subsidize the others - socialism in other words. this is the easiest way to wreak an economy.

Why can't real estate builders develop affordable 1-2 room housing for the aam-janta, as against building only luxury villas and 3-4 bedroom apartments and selling at ridiculously high prices?

becuase there are people who can pay and afford those. there are lots of developments for the aam-janta but u dont hear about them because they dont have a similar advertising budget.

Why is everyone inetrested in filling their pockets with loads of money and getting rich, with minimum of hard work ?

whats wrong in earning wealth as long as its legal? respect wealth, then you and the country will get rich and develop. glamorize or idealize poverty, then the opposite will happen.

Why is there so much greed everywhere?
Why it seems we are living in a man-eat-man world?

welcome to the real world. its human nature to try to be better than your neighbour. unless this ambition (greed, if u prefer) is present no one (incl the country as a whole) can develop.
what you want is socialism which is nothing but a blue print for an unreal utopia which can never exist unless by brute force (communist regimes for example).

[spadival]

Global credit squeeze seems to have started affecting real estate developers now -> Lenders push builders to start selling- Realty Trends-Real Estate-Markets-The Economic Times

Cash-starved realtors resort to costly funds- Realty Trends-Real Estate-Markets-The Economic Times

[SLK]

Economic bubbles are too complex to be discussed here.

Few Greedy people? is not the right answer.

First rule in first chapter of economics "Human wants are unlimited".

So we all always want more, its not simply defined as greed.

To put it in simple words,
The bubbles start when we move ahead of the simple laws of real demand and real supply AND start trading into demand and supply.

There are controls in the market to curb excessive artificial demand or supply. And when these controls fail or are weak the bubble becomes too big and blows.

As far as I understand, bubbles are required to have a healthy flow of money in the economy.

[AltoLXI]

Today is the tenth anniversary of Lehman Brothers filing for bankruptcy and thereby triggering the global financial crisis. Bloomberg has a published a few columns collected from all over the world.

Link to articles