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。

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。

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。