This process of booms and busts is called the business cycle.

这种繁荣、萧条的过程被称为经济周期。

Throughout history, economies have expanded and contracted. It's called the business cycle.

纵观历史，各经济体都在扩张和收缩。这叫做经济周期。

Over the business cycle, stockmarket returns are also like Mr O'Rourke's one-person birthday party.

在商业周期中，股市收益也像先生一个人的生日聚会。

Instead it has barely budged across the latest business cycle.

然而, 当年通胀与现今相差无几, 似乎一个循环。

That would make the current rate setting this business cycle's peak.

倘若真的陷入经济衰退，当前利就将成为本轮经济周期的峰值。

Back to the same old window: ups and downs of the business cycle.

经济周期起伏不定。

A recession is typically defined as two negative quarters of economic growth and is part of the normal business cycle.

经济衰退通常被定义为经济在两个季度都呈负增，正常的商业周期的一部分。

A recession is typically defined as two negative quarters of economic growth and as part of the normal business cycle.

经济衰退通常被定义为两个季度的经济负增，正常商业周期的一部分。

But he doesn't want to see the bust part of the business cycle happen again.

但他不想看到商业周期的萧条部分再次发生。

Perhaps the business cycle is now on the cusp of turning.

或许，商业周期正处在转折的边缘。

Still, the strangest business cycle in living memory is not over yet.

尽管如此，人们记忆中最奇怪的商业周期还没有结束。

So we're at a particular moment in the business cycle, I think.

所以我认为我们正处于商业周期的特定时刻。

The previous business cycle peaked to 2007.

上一轮商业周期在2007年达到顶峰。

This is the economic or business cycle.

这就经济或商业周期。

So you have some more lasting trends and you have some that are in the business cycle.

因此，你既会看到一些更为持久的发展趋势，也会注意到一些处于商业周期中的现象。

So that's two times normal for a business cycle, let's call it, where we had two very short recessions.

因此， 这相当于两个标准商业周期的度，我们姑且这么称呼， 期间经历了两次非常短暂的衰退。

The Great Depression of 1929 led some economists to examine business cycles in more detail.

1929年的大萧条促使一些经济学家更深入地研究商业周期。

Better to shift some risk to suppliers, who can limit it by catering to customers working to different business cycles.

将部分风险转移给供应商更为明智，他们可以通过满足处于不同业务周期的客户需求来控制风险。

Few Americans attribute this solely to such obvious causes as a devalued dollar or the turning of the business cycle.

很少有美国人将此完全归因于美元贬值或商业周期的转变等明显原因。

21.Few Americans attribute this solely to such obvious causes as a devalued dollar or the turning of the business cycle.

21.很少有美国人将这仅仅归因于美元贬值或商业周期转变等明显原因。