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.

boom

see BUSINESS CYCLE.

boom

a phase of the BUSINESS CYCLE characterized by FULL EMPLOYMENT levels of output (ACTUAL GROSS NATIONAL PRODUCT) and some upward pressure on the general PRICE LEVEL (see INFLATIONARY GAP). Boom conditions are dependent on there being a high level of AGGREGATE DEMAND, which may come about autonomously or be induced by expansionary FISCAL POLICY and MONETARY POLICY. See DEMAND MANAGEMENT.
References in periodicals archive ?
With Lyly's ten editions factored into this data, Kesson proposes, the 'boomlet' of 1594 looks much less impressive.
One source of this boomlet was Rouhani's involvement in a past, successful effort at improving Saudi-Iranian relations.
"He was free from blame and never made mistakes." Less than two months after the anti-Gadhafi uprising broke out, journalists in the rebel-held east are happily shaking off the old rules and creating a media boomlet. At least half a dozen new publications have appeared in the de facto rebel capital of Benghazi, and a former state-run radio station now broadcasts the rebel cause.
There has conveniently been a boomlet in children's books about boys in dresses.
Many emerging market countries learned their lesson in the late-1990s "Asian Tiger" boomlet and crash, and placed their balance sheets in much better order than the United States and Europe with obvious benefits for their economies and markets.
"It will be interesting to see if we see a boomlet in these hybrid plans once the regulations are adopted," Glickstein says.
More to the point on refinancings, since we're already well into a refi boomlet, with lenders reporting anywhere from 70 percent to 85 percent of new mortgage volume going to refinancings, how much more of a market share can the Fed expect?
Middle East experts in and outside the Obama administration have tended to be dismissive of the ElBaradei boomlet; many are deeply invested in a status quo in which Mr.
Officials credit the increase to what they call the "baby boomlet," children of the baby boom generation who are graduating.
Carmarthen's Dudley Williams, having been successful in 1930 on the Ivor Anthony trained Boomlet, won his second Welsh Grand National in 1933 on Lord Glanely's Pebble Ridge, also trained by Ivor Anthony.
Given that critical context and the recession-driven boomlet in Randian thought, Ayn Rand and the World She Made and Goddess of the Market are not simply well-timed explorations of an enduring writer.
The refinance boomlet will he less robust than originally hoped.