&gt; a booming economy<p>This seems to be a bit of hyperbole; I disagree that the economic consensus is that the period of LC&#x27;s existence has been an economic boom.<p>U.S. stock and housing prices indeed recovered from 2008 lows - real economic growth (jobs, industrial output, new home construction) has been tepid at best.<p>The Bay Area may have been flooded with new jobs and investment, but the rest of the country certainly has not been.