Exact(42)
This time the hardest-hit industries were the stars of the previous boom, technology and telecommunications.
"It is widely accepted that house prices had risen far above any measure of fundamental value during the previous boom.
The handsome 1920s mansions and secret walled gardens from the city's previous boom period house a growing population of French entrepreneurs focused on a renaissance.
That such an unlikely place has become a new-economy hotbed is, in fact, largely a legacy of its previous boom, Mr. Knutson said.
In a previous boom, home prices peaked in the Los Angeles area in 1990 but did not hit bottom until 1996.
And "many of the bankers who worked the previous boom are being lured back into the game amid a desperate search for experienced talent".
Similar(16)
Compared with previous boom-and-bust cycles, the last one was nothing new, in that excessive financing and combined to drive the market to dizzy, unsustainable heights.
Some analysts who have watched previous boom-and-bust cycles in the financial sector insist the group remains appealing, despite the recent jump.
In previous booms, it sometimes reached 6percentt or more.
There are peaks in 1901, 1929 and 1966, the high points of the previous booms.
House prices may have fallen after previous booms, but "this time is different", they insist.
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