Some industry observers believe the crisis of 2008 was predictable. While many people were affected in some way, some mitigated their downside exposure more than others. In the aftermath of the last recession, the financial markets have essentially been financially engineered with quantitative easing and stock buybacks.
Of course, all of this makes sense, since the compensation package of senior executives is based on the performance of the company's stock. Unfortunately for shareholders, a capital expenditure is an outlay of cash used to acquire or upgrade a business asset, and that metric declined every quarter in 2015.