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。

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.

倘若真的陷入经济衰退，当前利率就将成为本轮经济周期的峰值。

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。

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

经济周期起伏不定。

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生一个人的生日聚会。

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长，是正常商业周期的一部分。

This is the economic or business cycle.

这就是经济或商业周期。

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。

Closer commercial links will bind the business cycles of Asian economies even more tightly together.

更紧密的商业联系将使亚洲经济体的商业周期更加紧密地结合在一起。

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.

或许商业周期现在正处于转折点。

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。

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。

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。

" 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” ， 加州大学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。

But this would be an odd conclusion to draw from economic growth that, while robust, has presumably not escaped the business cycle entirely, as recent disappointing consumer-confidence and housing data demonstrate.

但从经济形势中得出这一结论很奇怪，因为虽然经济增长强劲，但大概率并未完全逃脱商业周期的影响，最近令人失望的消费者信心和房地产数据就表明了这一点。

After the financial crisis, Mr Leamer followed up with a paper entitled " Housing really is the business cycle" , in case readers had failed to get the message.

金融危机之后，利默尔先生接着发表了一篇题为“住房确实是商业周期”的论文，以防读者未能理解这一信息。