Final Thoughts

This blog started out as a way to look at past financial crises and compare them to the most recent one. The topic is an interesting one. It is incredibly vast and there are many different theories. As you grow up you learn from your mistakes. You learn from your past. Financial markets don't seem to. There are still some underlying things that are the same, but given that regulation, governments, policies and technologies are constantly changing comparing them is quite hard to do. There may have been a bubble each time; people never really change I guess. There is always a supply of easy money and after each crisis there was regulation to try and prevent the next one, to try and fix the problems of the past. 

Even taking all that into consideration I still can't help but think that no one really knows the answer. No one is sure what to do because you cannot regulate for every possibly conceivable event. That markets don't seem to learn from their previous mistakes is obvious. Bubbles could be something, that no matter how hard we try, will always be there. Financial crises could be something we can never stop only something we can prepare for.