Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (13870)	1/24/2002 1:09:07 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

>>the boom must end when credit growth ceases<< OK as far as it goes, but it doesn't go far enough. Must a boom be followed by a bust? I'll concede the point if you are talking about ordinary business cycles. Macroeconomic collapse is something different from an ordinary business cycle. The strong US economy in the 1920's was not, in general, a bubble, although some sectors probably were. Similarly, the strong US economy in the 1990's was not, in general, a bubble, although there probably was a bubble in certain sectors. Telecom is probably one.