Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (51584)	7/16/2004 6:20:49 AM
From: Seeker of Truth	Read Replies (1) of 74559

Heavy expenditures on armed forces is certainly necessary some times but from the investment point of view, IMHO it's almost always a quite bad sign. Arms spending is very wasteful, graft is almost official, prices to the government are inflated etc. etc. Aside from this the products don't increase anybody's standard of living. Japan during the boom years of 1965 to 199?, the US from Gorbachev until 2000, HongKong way back when, China now? All these are examples of minimal, zero or decreasing defense spending economies. For a look at the world's biggest per capita spender on arms, see North Korea. Investment demerit is clear there. The US is also unfavorable on this count. So was Saddam's military state.

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