Boom And Bust
A credit boom–bust cycle is an episode characterized by a sustained increase in several economics indicators followed by a sharp and rapid contraction.
Read more about Boom And Bust: Overview, The Emerging Economies Experience, Explanations
Famous quotes containing the words boom and/or bust:
“California is a place in which a boom mentality and a sense of Chekhovian loss meet in uneasy suspension; in which the mind is troubled by some buried but ineradicable suspicion that things had better work here, because here, beneath that immense bleached sky, is where we run out of continent.”
—Joan Didion (b. 1935)
“Workers of the world forgive me.”
—Graffito on the bust of Karl Marx in Bucharest. Quoted in Times (London, May 4, 1990)