The US housing market appears to be on a similar cycle, with peaks and troughs happening almost at the same time, but the oscillations are shallower.
Maybe in the last business cycle the Fed and the BoE have forced the machine a little bit. Will the next cycle be even longer and deeper? guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
On some level, spending is spending is spending. But it's clearly more advisable to spend on, say, infrastructure rather than on massive military buildup. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Over the long term, military assest purchase are negative-sum (it costs money each year to keep them in shape) investments while productive assets are positive-sum investments.
We're currently having a big fight in my hometown, Tallahassee, FL, over a coal plant that's being built in the neighboring county. Tallahassee in a very Democratic city in a very Republican area of the country, and so, naturally, we're not wild about funding a new power plant based on coal. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
