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Their main characteristics are long booms and support masts along the working side of the vessel.
Indeed, the recessions in 1991 and 2001, notable for extended jobless recoveries afterward, both followed long booms.
At the first session on Monday, cameras on long booms swooped slowly through the air in the 10,000-square-foot grand ballroom studio of Manhattan Center.
Long booms tended to result in excessive risk-taking and "Ponzi finance", where investors buy assets with borrowed money in the hope of quick capital gains.
It was given credit for the long booms of the 1990s and earlier this decade, and for steering the economy out of the mild 2001 recession.
These long booms eventually petered out as the technologies matured and returns to investors declined with the dwindling number of opportunities.
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A long boom would mean bigger payments to creditors.
Now the long boom is reaching its end.
Harold Macmillan was prime minister and life was one long boom.
What looked like a long boom is now being called a high-tech bubble.
Yet despite the long boom, most Chinese citizens remain fairly poor.
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