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Boom |
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Boom A period of rapid, strong economic and/or stock growth. For example, some developing countries post GDP growth of 10-12% per year, especially after they have liberalized their economic policies. Likewise, some stocks may become suddenly very popular, resulting in a boom. The dot-com bubble is one of the most famous examples of a stock boom. The problem with booms is that the growth is rarely sustainable, as investors become more and more speculative and take needless risks. Thus, most booms ultimately result in busts. Many economists believe the boom-and-bust cycle is an inevitable part of doing business, while others believe that government regulation can limit both booms and busts. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Still, insurers said price spikes have occurred during other construction boomlets. Here, Fuller summaries the major shifts between four generations spanning the Depression/war years, the Baby Boomers, Generation X and `the current generation of Click & Go'--a phrase Fuller coins to describe the `baby boomlets who were born with a mouse in their hands'. In many areas, free and unfettered trade activities, ranging from basic economic thresholds to boomlets, are flourishing--a result of the ability of local communities to reach consensus on important sociopolitical matters. |
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