Understand 'boom and bust' as a natural economic cycle, not always predictable or controllable. Many investors were unprepared for the dot-com boom and bust.
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Negative Connotation
'Boom and bust' often implies negative outcomes, particularly financial loss or economic hardship. Families suffered during the mining town's boom and bust.
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Historical Reference
Use 'boom and bust' to refer to historical economic patterns that are well-documented. The Gold Rush was a classic example of boom and bust.