With the state in Massachusetts in debt, rising taxes, plummeting housing prices, rising unemployment and a recession, complete with bank failures, company closings and bankruptcies, the Miracle, on which its former Governor Dukakis hoped to enter the White House, has become more of a Massachusetts Black Hole. Like most events, its collapse were a result of its apparently great successes. The collapse, which began in 1989 and was readily apparent by 1990, was in fact predestined by a peak which had occurred in the early 1980s. Small events through the middle of the decade also gave plenty of warning to observant watchers.
Herbig, P. and Golden, J. (1993), "Analysis Note: The Fall of Innovative Hot Spots: Silicon Valley and Route 128", International Marketing Review, Vol. 10 No. 6. https://doi.org/10.1108/02651339310051597Download as .RIS
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