One obstacle to this is the boom period from 1982 through the tech bubble-burst, to the housing bubble-burst.
Australia's miners have enjoyed a boom period over the past few years, fuelled by a surge in demand from Asia, especially China.
During the ensuing years before the birth of Bangladesh in 1971, Chittagong enjoyed a boom period and membership of the club rose steeply.
When the boom period of credit expansion is coupled with growth in public sector borrowing, however, the subsequent negative impact on the economy will be worse.
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Spending on equipment is expected to be fairly strong, having largely avoided excess in the boom period, and indeed in the fourth quarter of 2009 it raced ahead at an annual rate of 19%.
Back then, the dramatically low federal funds rate was enough to spur a wave of borrowing by companies and individuals, so much so that a series of 17 rate increases followed from June 2004 to June 2006 as the Fed tried to temper inflation in a boom period.
Changes in the number of houses for sale are widely seen as a good 'leading indicator' of price-changes: in a boom-period there are more buyers than sellers, so the number of properties for sale diminishes, and in a 'bust' period sellers exceed the number of those willing to buy at current prices, so prices tend to fall, as seems already to be happening in many areas.
Having lived through a period of boom-and-bust land speculation, he distrusted paper money and banks.
The research, which was actually commissioned by the RAC Foundation, the Independent Transport Commission, the Office of Rail Regulation and Transport Scotland, also looks at the corresponding boom on the trains over the same period.
However, this compared with a period of activity well below the boom years.
However, the allegations raise ethical questions about the Popular Party's dealings during the period of Spain's building boom, when politicians granted large numbers of development contracts.
BBC: Spain ruling Popular Party denies slush fund allegations
The nostalgia is understandable: that pact was followed by a long period of strength for the yen and a boom for much of Asia fuelled by deceptively low-cost dollar borrowing and big inflows of Japanese investment.
This is the period we've been taught to call the boom years, but which was not actually that great.
This is pretty much what happened in the 2002-2003 period that set the basis for the subsequent economic boom in Brazil.
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However, over any period longer than the five years of America's boom, the euro area's productivity growth pulls well ahead.
Just as the 1950s boom in car sales was fuelled when car companies lengthened the credit period on buying new cars from 24 to 36 months, so the decline in personal saving in recent years has much to do with the ease of borrowing.
After Reaganomics was adopted in 1981, the economy took off on a 25-year economic boom in late 1982, what Art Laffer and Steve Moore have rightly called the greatest period of wealth creation in the history of the planet.
Samsung Electronics delivered a yet another stellar performance in Q1 2013, riding the smartphone boom to grow revenues by 17% and operating profits by an even higher 54% over the same period last year.
FORBES: Samsung Rides Smartphone Growth All The Way To The Bank
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