The phrase "asset boom" is correct and usable in written English.
It can be used to describe a period of rapid increase in the value of assets, such as real estate or stocks, often driven by market demand.
Example: "The country experienced an asset boom, leading to skyrocketing property prices and increased investment in the stock market."
Alternatives: "asset surge" or "asset inflation".
Nor is today's asset boom fuelling the kind of leverage that made the bust so awful.
After all, the opposite of a balance-sheet recession is (obviously) a credit-fueled asset boom.
Lord Myners, City minister in the last Labour government, said: "It's incredibly difficult to identify an asset boom.
The U.S. economic boom was created by a consumer spending boom interlinked with a financial asset boom.
Now that the asset boom has burst, consumers face an extraordinary debt burden that will inhibit robust economic growth for some time.
Working out when an asset boom has become a bubble is not easy just as it is hard to use monetary policy to lean against asset-price bubbles.
It should also reduce asset boom-bust cycles since NGDP targets avoid destablizing responses to supply shocks that often fuel swings in asset prices.
Osborne stressed he was working in concert with the Bank of England to make sure the government "spots asset booms like housing booms, before they emerge".
The global economy has been driven in recent years by remarkable speculative asset booms and busts, which bring into the equation questions of confidence and trust, as well as fairness.
"Concerns that foreign investors may be subject to herd behavior, and suffer from excessive optimism, have grown stronger; and even when flows are fundamentally sound, it is recognized that they may contribute to collateral damage, including bubbles and asset booms and busts," the fund's deputy director of research, Jonathan D. Ostry, wrote, along with five other authors.
A simple way to understand what happened to Japan in the 1980s and 1990s is that a country with many strengths, especially a high average level of education, formidable technology and powerful social co-ordination within companies, came to lose its basic disciplines and incentives, particularly in the late 1980s when it experienced one of the biggest asset booms in world history.
