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"Since we're at a cyclical low point right now, monetary policy will err toward an ease," he said.
The first two end when that measure reached a cyclical low, several months after the recession was later deemed to have ended.
It is arguing that not only does International Paper's bid grossly undervalue the company but that it is coming in a cyclical low point in the company's business.
The charts break down the changes since October 2006, when the overall unemployment rate hit a cyclical low of 4.4 percent.
The share prices of health-care firms are at a cyclical low just as money is pouring into private-equity funds.
Since their cyclical low in the fourth quarter of 2008, profits have grown for seven consecutive quarters, at some of the fastest rates in history.
Similar(47)
Corporate borrowing rates are at cyclical lows, increasing the incentive for companies to buy back shares and for private-equity groups to launch takeovers.
In acquiring Dynegy, Blackstone is counting on power prices rising from their cyclical lows, positioning the sector for a rebound, according to a person briefed on the matter.
Natural gas is in oversupply, refining and marketing reached cyclical lows not seen in 20 years.
Tech fundamentals heading into 2002 continue to hover at cyclical lows, according to Salomon Smith Barney research.
There are cyclical lows due in March, followed by a major cyclical high due in late April.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com