But they have never been certain what causes the rapid boom-and-bust cycles that gave rise to it.
Pentagon budgets have long been operated on a boom-and-bust cycle.
And the recovery from a boom-and-bust cycle in capital spending could take some time, he said.
Do you think there is any hope the Valley will move away from its historical boom-and-bust cycle?
I guess the next boom-and-bust cycle is about to begin.
Part of the problem has been created by the insurers and the boom-and-bust cycle of their industry.
Brown believed his own words and had broken the boom-and-bust cycle.
The current Russian stock market frenzy is the latest in a series of boom-and-bust cycles.
Most have lived through at least one local boom-and-bust cycle, and many can go back through three.
Family farmers, with fewer workers to pay and less money invested in equipment, could better handle boom-and-bust cycles.