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> Plus, construction booms typically lead to more widespread economic bubbles. If there is actually a causal relationship there, I would have thought it was th
by skj 12y ago
> Plus, construction booms typically lead to more widespread economic bubbles.
If there is actually a causal relationship there, I would have thought it was the other way around.
- toyg 12y agoI think it's more of a symbiotic relationship: construction is the first sector to accelerate when things start looking good and the first to crash when things start going sour, because it relies on debt more than others. Because of this position, it plays a very important role in exacerbating trends.