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

在商业周期中，股市收益也像是奥罗克先一个人日聚会。

Commercial aviation is a lot more cyclical, a lot more volatile as we've seen through the pandemic.

商业航空周期性更强，更不稳定，正如我们在疫情看到那样。

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长，它是正常商业周期一部分。

GE is a company that's widely admired for being global, dealing with the cycles of the different businesses they're in.

通用电气（GE）公司是一家享誉全球公司，主要负责处理其行业内不同商业周期业务。

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经济负增长，是正常商业周期一部分。

All businesses follow the business life cycle.

所有企业都遵循商业命周期。

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萧条部分再次发。

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

或许，商业周期正处在转折边缘。

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.

这就是经济或商业周期。

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

1929年大萧条促使一些经济家更深入地研究商业周期。

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发展趋势，也会注意到一些处于商业周期中现象。

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长度，我们姑且这么称呼， 期间经历了两次非常短暂衰退。

Yes, we are probably at the tail end of a pretty meaningful cycle on the commercial side of shipping.

是，我们可能正处于航运商业周期尾声，这一周期相当重要。

The free marketeers felt vindicated in their theories about the business cycle, while Keynesians pointed to market failure.

自由市场论者认为他们商业周期理论得到了证实，而凯恩斯主义者则指出了市场失败。

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。

We see the beginning of new institutions that actually will stay irrespective of where exactly we are in the business cycle.

我们看到了新机构开始，这些机构实际上会持续存在，无论我们在商业周期哪个阶段。