[quote=briansd1][quote=poorgradstudent]Increasing government spending during down times and decreasing during good times also makes good fiscal sense. Labor and materials tend to be cheaper during busts, so important government infrastructure projects should be able to be completed at lower cost than they would if done during a boom. Also, borrowing costs are often cheaper during downtimes, so it actually makes a ton of good sense to complete necessary projects during recessions as opposed to trying to do them when things are good.[/quote]

I will try to live by this in my own life. Save during good times and buy assets during the down cycles. It’s a little hard to do because everybody does the opposite. People party during the good years and if you don’t join them you will have few friends.[/quote]

I don’t think you could have summed up Livinincali’s point better.