th was continuing least through the time period of the case. While overall growth had been sustained since 1983, a high pro portion of that growth occurred in the financial sector, as opposed to the manufacturing sector. As a consequence, expec tations varied widely by sector within the economy, and the American economy was one with high levels of overall economic activity, but where rolling, or spot, recessions, occurred with frequency, ordinary families often could no longer afford to own a home, and wherein real income improvements for the ordi nary citizen were often scant. Thus, a reversal of expecta tions for profitability in financial dealing could find the American economy ready to plunge into a general recession, because expectations and activity levels in the underlying manufacturing sector were already low.
All business organizations and industries are affected by cyclical movements in economic activity levels, and the hotel/ gaming industry is no exception. An i
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