boom and bust
Short definition from Wiktionary
Noun
- A pattern of high prices in a given market or in the entire economy followed by ruinously low prices, falling production, and bankruptcies by producers; prosperity followed by recession.
Adjective
- Featuring or characterized by a boom and bust cycle in a market or an economy, in which rapid price increase is followed by falling prices or recession.
We haven’t written up boom and bust yet: Simple and Standard meanings, examples and a quiz.