Quote:
Originally Posted by burn_this_city
2008 was a collapse of the capital markets and an overall decline in demand due to recession. Both of those smoked expansion because there was no way to borrow money for growth. The price drop killed expansion by companies that grow through cash flow because their cash flow was cut by half or more.
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True and capital markets are often very much "mood" directed. More important I was pointing out that it was a short lived blip.What we have now is shaping out to be a longer term shift towards lower prices as demand falls and supply expands.