Look at Stoke, they didn't spend much in their first 2 years, before lumping up 9 million in their 3rd season for Kenwyne. Then look at Blues, paying high prices and wages for players in their 2nd season and look where it got them.
As far as I'm concerned, we bought 2 defenders and got Dawson back, and they've not played for whatever reason (for 3 games, two of which against the top 2 teams in the country and would, if a bad performance had come in those games, potentially shattered a younger player's confidence before they get a chance to settle - see Leon Barnett as a previous example).
Peace has backed this club well and, when a large proportion of your money is invested in a club (he's not worth much to start with) you try not to make stupid, rushed, expensive decisions quickly. Look at other clubs, they're throwing money around like it's going out of fashion, because their owners have money elsewhere. There is an enormous amount spent on wages which we previously didn't have, so if anyone can find out how much we're paying per year just on keeping players at the club I'd love to know. That's why Blues are gutting their team, lots of wages they need to get rid of.