But with the onset of the Great Recession in December 2007, median household income fell over the next five years from a business
cycle high of $ 57,357 to $ 52,605.
Leverage in the non-financial corporate sector has recently increased from 40 % of GDP to its previous
cycle highs of 45 % in 2000 and 2007.
Not exact matches
«If you have been financially conservative during the
high cycle, and you've got a strong balance sheet, and available cash, there's no question that the evaluations
of everything in the business will be plummeting,» says Yager.
So there's almost more concern for locking in a long - term rate
of income than there is for just maybe catching a
higher yield at one point in the
cycle in the front end.
This will set off a vicious
cycle of higher deficits that lead to
higher debt, which in turn will mean
higher interest costs and less funding available for healthcare, education and other provincial services.
«We're seeing a
higher rate
of people switching to iPhone than we've experienced in previous
cycles,» CEO Tim Cook said in a statement.
Comments: «Our economists see growth disappointing in 2013 with added risk as a result
of uncertainty surrounding the fiscal cliff... Political uncertainty is also
high and history tells us that the US underperforms in the first year
of a presidential
cycle.»
«It (Q400) has been designed to be robust and reliable in consideration to
high cycle demands
of regional airlines,» she said in an interview.
As a result, we do not expect a quick return to the prior
highs although we do think
higher highs for the S&P 500 are likely ahead
of us before the
cycle top later this year.»
For B2C, the general rule
of thumb is that the
higher the item ticket price, the longer the sales
cycle.
«This is typical
of a late
cycle expansion which is another reason why multiples will be lower as
higher volatility typically demands a
higher equity risk premium.
The
highest driver
of the use
of IoT in business transformation is expected to be improved business efficiencies and productivity, followed by faster innovation
cycles.
So the Fed is now in play, it's raising rates, and typically that's the part
of the market
cycle where valuations start to come down, and I think that's especially relevant today because valuations have been so
high.
While these companies are unsurprisingly out
of favour with many investors — a lot simply won't buy these companies on moral grounds — they think the sector's
high yields, low correlation with market
cycles and steady earnings will make investors give them another look, and then stock prices will appreciate.
As
of January at the recent
high the trailing P / E was at 21 times earnings, which really gets up there, and so I think for the next year or so as we approach and enter late
cycle, that's really gonna be the big part
of the conversation.
The debate over
high drug prices has been a red hot topic here and inspired a lot
of anger and legislative threats, especially in the midst
of the 2016 election
cycle.
The four critical factors are: (a) businesses with recurring revenue bases — like a renewable subscription — are far better than ones dependent on constantly securing new customers; renewals are much easier and less expensive to secure than new sales; (b) customer retention is absolutely critical — all customers are very costly to acquire and very easy to lose in a world
of almost infinite choices; (c) businesses based on products that require constant replacement or renewal (the «razor blade» model) are much more attractive than durable goods businesses (like selling refrigerators) where the products have very long repurchase or replacement life
cycles and where the market could even fairly quickly reach saturation points; and (d) businesses that offer products or services that had a predictably
high rate
of obsolescence were much more attractive than those where the products had long, useful lives.
But the combination
of high and seemingly sustainable prices eventually triggered a late -
cycle rush
of investment, not just from the majors but also the independent shale producers.
Vanguard says investors should pay more attention to low unemployment rates than GDP growth at this stage
of the
cycle for prospects
of either
higher spending for capital expenditures or wage pressures.
Each year, Gartner's Hype
Cycle, highlights «a set
of technologies that will have broad - ranging impact across the business... It features technologies that are the focus
of attention because
of particularly
high levels
of hype, or those that may not be broadly acknowledged but that Gartner believes have the potential for significant impact.»
Since the selling
cycle is longer and presentations are made
higher up in the chain
of command, the person making the sale has to be comfortable conversing with CEOs.
Demand for Powerpack is
high, despite the poor economics
of its 7 kWh daily
cycling unit.
But with monthlong
high - tech - product life
cycles, just - in - time manufacturing operations, and overnight global currency crashes, the business world might just be coming around to the marines» point
of view.
The former VP
of business development at
high - end gym chain Equinox took over as CEO
of SoulCycle, the sizzling hot cult
cycling chain, in June.
«We've seen a few
cycles of this,» he says, pointing to the EU's $ 794 million fine against Microsoft (msft), in 2004, for bundling its media player with Windows, and the 2001 decision to block a merger between GE (ge) and Honeywell (hon), as other
high - water marks
of regulatory zeal.
«As the business
cycle deepens and inflationary concerns push interest rates
higher, cross-asset correlations with commodities decline and the diversification benefits
of owning commodities rises with
higher rates.»
Strong credit markets give companies borrowing options to boost their stock prices, while making bearish investors scramble to close out trades before losing any more money, both
of which then push the stock market even
higher and continue the self - reinforcing bullish
cycle.
Here again, bull markets have tended to carry on a while — even years
of fresh record
highs — after the bull / ratio peaks for a
cycle.
But if this economic
cycle indeed has another extended leg in — as plenty
of indicators suggest — and companies can keep the profit machine running along with stock buybacks and mergers, there's no saying the market as a whole can't work its way a good deal
higher before it reaches its ultimate peak.
These risks include, in no particular order, the following: the trends toward more
high - definition, on - demand and anytime, anywhere video will not continue to develop at its current pace or will expire; the possibility that our products will not generate sales that are commensurate with our expectations or that our cost
of revenue or operating expenses may exceed our expectations; the mix
of products and services sold in various geographies and the effect it has on gross margins; delays or decreases in capital spending in the cable, satellite, telco, broadcast and media industries; customer concentration and consolidation; the impact
of general economic conditions on our sales and operations; our ability to develop new and enhanced products in a timely manner and market acceptance
of our new or existing products; losses
of one or more key customers; risks associated with our international operations; exchange rate fluctuations
of the currencies in which we conduct business; risks associated with our CableOS ™ and VOS ™ product solutions; dependence on market acceptance
of various types
of broadband services, on the adoption
of new broadband technologies and on broadband industry trends; inventory management; the lack
of timely availability
of parts or raw materials necessary to produce our products; the impact
of increases in the prices
of raw materials and oil; the effect
of competition, on both revenue and gross margins; difficulties associated with rapid technological changes in our markets; risks associated with unpredictable sales
cycles; our dependence on contract manufacturers and sole or limited source suppliers; and the effect on our business
of natural disasters.
Still — even if the market starts making headway again toward its January
high - water mark — it is possible Wall Street has passed its moment
of «peak happiness» for a while — and perhaps for this entire
cycle.
«Meanwhile, any inflationary impulse from
higher tariffs depends on whether firms view the increase as permanent and if the current state
of the business
cycle would contribute to a
high pass - through rate from tariffs to final goods.»
As a result, it is now clear that the U.S. is in the latter stages
of the multi-year credit
cycle, a period when rising corporate leverage negatively affects returns to corporate debt as investors demand
higher risk premiums to compensate for the greater volatility created by increased leverage.
We are in the ninth year
of an unusually long economic expansion, and while we believe the
cycle has room to run, we see gradually rising rates and modestly
higher inflation ahead.
This Hype
Cycle looks at technologies that show promise in delivering a
high degree
of competitive advantage.
In North America, we see several meaningful differences from prior
cycles, including a
high level
of oil - directed activity.»
This
cycle of a rally, pullback (or consolidation), then rally again is what forms the «
higher highs» and «
higher lows»
of any healthy market uptrend.
While it's still early to make a call, we'll begin testing shorter cadence
cycles to reduce the number
of calls a rep has to make to a somewhat unreachable audience (much lower connect rates), freeing up time and capacity to spend on
higher value metrics.
As is frequently detailed on this blog, stocks and ETFs trading at new 52 - week or all - time
highs typically repeat the «base, breakout, base, breakout»
cycle several times before eventually entering into a substantial correction, as there is a complete lack
of overhead supply (no technical price resistance).
They naturally had
cycles of high and low calories.
The faith in the effectiveness
of interest rate cuts has driven the percentage
of bearish investment advisors to a dangerously low 25.5 %, while the average equity allocation
of Wall Street strategists is now above 70 %, the
highest level in this market
cycle and quite probably a record.
Consumer confidence and
high yield bond spreads corroborate the unemployment rate in suggesting that we are in the mature stages
of the current business
cycle.
That is exactly what happened, the lenders exhausted the pool
of borrowers, the reflexive impact
of rising demand pushing prices
higher began to wane, and the virtuous
cycle turned dramatically (as they always do eventually) into a vicious
cycle that triggered the Global Financial Crisis and those same banks that made all the ill - advised loans were crushed by massive losses Then, yet again, what were the «Masses» doing at the peak?
They include
high levels
of labor mobility,
high levels
of capital mobility, a system
of transfers that shares risks across the region, and coordinated business
cycles.
The relationship seems to be perverse for much
of the
cycle:
high rates
of interest often coincide with
high expenditure.
If there is a danger that monetary policy will be seen as «too difficult», there is also a risk that too much will be expected
of it or, at least, that its success or failure will be judged against an impossibly -
high standard: it can't cure the business
cycle; it can't reduce inflation costlessly; and it can't be operated with surgical precision.
High - yield bonds are in the eighth year of an investment cycle that has seen assets under management grow threefold, to $ 300 billion, so interest among investors remains h
High - yield bonds are in the eighth year
of an investment
cycle that has seen assets under management grow threefold, to $ 300 billion, so interest among investors remains
highhigh.
Most had
high levels
of foreign investor activity during the last
cycle.
Those stocks have enjoyed sustained growth in recent years, regularly reaching record
highs despite the relative chaos
of the daily news
cycle dominated by the Russia investigation and fears
of conflict in North Korea.
Interestingly, though, no other positive result (e.g. shorter sales
cycles, more wins,
higher sales price, more demos) showed up in a majority
of responses.