Forum: Beware the Boom

Few joys are unalloyed any more in an increasingly self-critical age. The cigarette, the fried egg and the bacon, the automobile, the toy with lead-based paint — all have been judged to be as pernicious as they are pleasurable. Now the boom has fallen on the economic boom. Time was when the word connoted something unqualifiedly positive, as in "booming industry" and "boom times." But because a boom all too often leads to inflation and then to bust, Data Resources Inc., an economic consulting firm in Massachusetts, has set up a "DRI Boom Monitor" to alert subscribers when a healthy recovery...

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