“That's the problem with tearaway booms.The more exaggerated the...

  1. 5,337 Posts.
    “That's the problem with tearaway booms.

    The more exaggerated the run-up, the greater the pain when the inevitable decline kicks in.”

    This is exactly the reason why NGearing has to be changed. NG has contributed to an expansion of speculation during the boom and has contributed to that ‘tearaway boom‘.

    And through the existing NG tax laws the current government subsidized that speculation.
 
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