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To: Lizzie Tudor who wrote (16850)12/2/1998 8:18:00 PM
From: Les H  Respond to of 67261
 
The following URL tracks the economic cycles. In recent decades, it's troughed around the turn of the decade.

nber.org

As for new industries, we've had birth of new industries all the time, just in the last 2 decades:

1982-1983 personal computers
1991-1992 biotechnology
1992-1994 local area networks
1994-1995 HMOs
1996-1998 internet