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 ?
Powered access major Genie has announced that it is launching production of its new Genie S-65 XC telescopic boom lift, which will be sold in markets including the Middle East, in its factory in Umbertide, Italy.
It includes the new Genie mini XChassis axle design, a platform load sensing system and a simple 2-point calibration process to set up the primary boom, secondary boom and jib bell crank in as little as 15 minutes.
Fei, "A closed-loop detection and open-loop control strategy for booms of truck-mounted concrete pump," Automation in Construction, vol.
The type of route had high influence on the vibration-absorbing systems of the spray booms and the impact/collision type showed the highest deviations, while undulating and gentle to undulating showed no significant differences in the deviation values.
The 580ST also retains the S-shape boom so integral to the Case backhoe, and which ensures that the effort is evenly distributed over the entire length of the boom, resulting in high stress resistance.
Mario Diaz, barangay captain of San Agustin in Iba, confirmed that fishermen from his village saw the booms 5.5 km (3 nautical miles) from the shore of Cabangan town on Friday.
Coupled with NASA and USAF sonic-boom research of the late fifties and sixties, the FAA entered the sonic-boom-research arena by participating in tests to understand the effects of sonic booms on people, structures, and animals.
The Low-Profile Sprocket is compatible with the following trencher booms in greasable and/or sealed designs:
What were those strange booms that had happened in December 1977?
In that spirit, consider a few facts about the diversity of types of bubbles, or at least of asset price booms and busts.
Despite the availability of booms, one month after the spill began, rescue efforts criticized for not using enough boom, for not positioning the material in the right places and for not having it installed as quickly as possible to preserve the coastline.
"The new design of the S-80 and S-85 was adapted from our S-60 and S-65 telescopic booms," said Phil Harvey, booms product manager for Genie Industries.