peak-to-trough

"The long and the short of it is we now think we're about halfway through the overall peak-to-trough decline, " Mr Syron told investors.

Though the fluctuation is not vast, it is enough to make a difference from peak to trough.

The peak-to-trough drop of 20 per cent in global share prices amounted to a firm forecast in early August that recession was on its way.

The peak-to-trough decline during the Great Depression, by contrast, was 31%, says Paul Dales of Capital Economics in Toronto.

The steep plunge in values, about 33% nationally from peak to trough, caused widespread damage in the American economy and abroad.

During the last big wave of IPOs in November 2007, the Hang Seng fell 17 per cent from peak to trough.

Since 2006, net worth as a multiple of income fell by almost a third, from peak to trough.

From peak to trough, consumers lost $340 billion in annualized pretax income.

Germany saw a peak-to-trough fall in GDP of 6. 7%, while Japan suffered an 8. 4% fall before the economy began to recover.

Britain's slump was not nearly as deep as Japan's, where GDP contracted by 8. 6% from peak to trough.

The cumulative change in the postwar trough-to-peak-to-trough swing was 25. 3 percentage points.

Ireland "saved" its banks and saw its output drop by 14% from peak to trough.

While peak to trough would take us from 1941 to 1946, the period available is proximate and hence should suffice.

Futures markets imply a 30 per cent peak-to-trough decline in US city house prices.

Citigroup thinks the peak-to-trough decline in global profits will be 50%.

It's a nonevent for stock markets to swing 15% peak-to-trough every year.

The latest figures show a peak-to-trough fall in GDP during the recession of 7. 1%, revised from an earlier estimate of 6. 4%.

Bulk commodities, however, such as iron ore and coal, could fall 50per cent from peak to trough.

That peak-to-trough decline was less severe than in Japan, Germany and Italy, but the recession lasted longer than in any other G7 economy.

Pessimists point to 1931-35, when dividendsper share in America fell by 45% from peak to trough.

Industry assets, which totaled $2 trillion last year, will likely fall between 50 percent and 60 percent from peak to trough, Allen said.

In Japan and Britain corporate investment fell by about a quarter from peak to trough.

They dipped by just over 20% from peak to trough, on figures from the Nationwide building society, before resuming their upward journey;