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

这种繁荣、萧条的过程被称为周期。

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

纵观历史，各体都在扩张和收缩。这叫做周期。

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

在商业周期中，股市收益也像是奥罗克先一个人的日聚会。

Instead it has barely budged across the latest business cycle.

然而, 当年通胀率与现今相差无几, 似乎是一个循环。

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

倘若真的陷入衰退，当前利率就将成为本轮周期的峰值。

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

周期起不定。

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

衰退通常被定义为在两个季度都呈负增长，它是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.

衰退通常被定义为两个季度的负增长，是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。

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

或许商业周期现在正处于转折点。

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。

This is the economic or business cycle.

这就是或商业周期。

Look beyond big tech, propelled by the tailwinds of AI, and bosses' main concern is the business cycle.

除了受人工智能推动的大型科技公司之外，老板们主要关心的是商业周期。

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。

Its dominance was eroded by the ideas of Friedman himself, who linked variations in the business cycle to growth (or decline) in the money supply.

它的支配地位逐渐被将商业周期的变化与货币供应的涨跌联系起来的弗里德曼自己的思想所蚕食。

The rainmaker—much like the modern-day central banker—may attempt to smooth out the business cycle, literally dampening things down when they get too hot.

造雨者——很像现代的央行行长——可能会试图平缓商业周期，当事情变得太热时，它确实会降温。

Moreover, economies typically recovered much more slowly from recessions triggered by financial crises than from those caused by fluctuations in the business cycle.

此外，体从金融危机引发的衰退中复苏的速度通常比从商业周期波动引起的衰退中恢复的速度要慢得多。

" The housing cycle IS the business cycle" , wrote Edward Leamer of the University of California, Los Angeles, in a paper published in 2007.

住房周期就是商业周期” ， 加州大洛杉矶分校的爱德华· 利默 ( “ Edward Leamer)在 2007 年发表的一篇论文中写道。