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

这种繁荣、萧条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.

在业周期中，股市收是奥罗克先生一个人生日聚会。

Instead it has barely budged across the latest business cycle.

然而, 当年通胀与现今相差无几, 似乎是一个循环。

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

倘若真陷入经济衰退，当前利就将成为本轮经济周期峰值。

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.

经济衰退通被定义为经济在两个季度都呈负增长，它是正业周期一部分。

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

经济衰退通被定义为两个季度经济负增长，是正业周期一部分。

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

但他不想看到业周期萧条部分再次发生。

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

或许，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业周期特定时刻。

The previous business cycle peaked to 2007.

上一轮业周期在2007年达到顶峰。

This is the economic or business cycle.

这就是经济或业周期。

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，会注意到一些处于业周期中现象。

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

因此， 这相当于两个标准业周期长度，我们姑且这么称呼， 期间经历了两次非短暂衰退。

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学家更深入地研究业周期。

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更为明智，他们可以通过满足处于不同业务周期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业周期转变等明显原因。