Quote:
Originally Posted by SeeGeeWhy
It seems to me that "real" projects that represent "real" value have been managing to continue to contribute to the economy. Have there been casualties along the way? Most definitely... but I don't know if the numbers can be believed as much as the media flaunts them. The worst statistical recession since 1930 doesn't mean much when they don't talk about the disgustingly large run up in the past decade in the same breath.
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Yeah, but the great depression was also caused by a similar type of run up in the 1920's as part of a post war boom. I read that the stock market actually had a much harsher collapse just prior to World War I which caused them to all out close the market for extended periods of time.
Pretty much any recession is a reaction to some type of run up prior to it. The larger the run up heading in, the harsher the crash coming out.
No doubt though if the Government has infastructure and institutions to build, it's a great time to do it. They'll likely get better quality projects and for a significant discount from what it would have cost 2 years ago.