In addition, the short-cycle businesses concentrated in the unit are more vulnerable to near-term contract delays and terminations as the government grapples with ways of reducing budget deficits.
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They happen because management ignores deep-seated weaknesses and allows itself to get caught up in a cycle of short-term initiatives meant to meet high expectations with high-risk growth.
America's frenetically short two-year election cycle has many effects, and few of them promote good government.
The fact that people have used industrial chemistry to short-circuit the nitrogen cycle, by making fertilisers out of nitrogen in the air at a rate which greatly exceeds what natural systems can manage, has real environmental effects.
Although I am still intermediate-term bearish on the market, not expecting the low for this second year of the Four-Year Presidential Cycle until October or November, this short-term rally might have longer legs than the last three oversold rally attempts that have taken place since the market topped out in April.
We ignore the hype cycle, because short-term trends are not meaningful when it comes to venture returns.
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We also invest in cyclical companies we think are ready to move to the upward part of their cycle--in short, solid companies with good prospects that are beaten down and temporarily out of favor.
"This is magnified by the fact that the use cycle of goods is very short--diapers a few hours and clothes a few months, " he says.
We view these as short-term issues and continue to see a powerful product cycle.
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In short it was a well-intentioned, gloriously efficient but endless cycle.
The problem for the tea party is that the benefits extracted from these missteps will likely be short-lived, certainly not enough to last until the next election cycle.
Inverted curves are rare, and when they do occur, it is usually later in an economic cycle, when central banks, wary of inflation, jack up short-term rates.
Brown, whose other works include the short-lived Broadway musicals "Urban Cowboy" and "13, " and another acclaimed song cycle "Songs for a New World, " is enjoying a purple patch of late.
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