Since 1854, there have been 33 boom and bust cycles On average, each boom cycle lasts 387 months A boom starts when economic output, as measured by GDP, turns positive Most leading economic indicators have already turned positive before that The cause of a boom is an increase in consumer spending As the economy improves, families becomeStaggering pictures show how emirate went from desert backwater to the Manhattan of the Middle East in just 50 yearsIt's widely known as the Middle East's ca "The town was empty," Nordstrom said, describing how before the oil and gas boom started in Farmington in 1949, its development came to a halt at Apache Street — four blocks north of Main Street
مـدونـة العـالـم فـي صــور The Globe In Pictures Blogs Dubai Before The Boom
