Investors may focus on the cyclicaldownturn in the chip industry, he wrote.
投资者可能会专注于芯片工业周期性的低迷阶段，他如是写道。
2
Entrepreneurs need friends and maybe family to get them through this cyclicaldownturn in order to jump start their companies.
企业家需要朋友也许是家庭的帮助，让他们跨过这种周期性衰退，以便重新启动他们的公司。
3
This is giving the US consumer a false sense of wealth and wellbeing, he believes, arguing that US data merely reflect a temporary upswing in a large cyclicaldownturn.