Peak


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Related to Peak: Peak oil

Peak

The high point at the end of an economic expansion until the start of a contraction.

Peak

1. The point of a security's or market's highest price for a given period of time. The term comes from charting, in which the x-axis represents time and the y-axis represents price. On a chart, the high point of a business cycle looks like the peak of a mountain. See also: Bottom.

2. In a period of economic expansion, the point of the highest GDP growth that immediately precedes the beginning of a contraction. In other words, it is the highest point in a business cycle. The term comes from charting, in which the x-axis represents time and the y-axis represents GDP growth. In this situation, the high point of a business cycle looks like the peak of a mountain. See also: Trough.

peak

see BUSINESS CYCLE.
References in classic literature ?
Straight in front of us, at a distance of some fifty paces from the backs of the Colossi, rose a sheer wall of rock, eighty feet or more in height, that gradually sloped upwards till it formed the base of the lofty snow-wreathed peak, which soared into the air three thousand feet above us.
For the banners of war had been flung to the wind once more, and over those glistening peaks was the highway along which Honor pointed in an age when men had chosen her as their guide.
Day was already breaking in the east, and the summits of the great peaks had turned rosy red, while the valleys still lay in the shadow, when they found themselves with the cliffs on either hand and the long, rugged pass stretching away before them.
With him rode the King of Majorca, the hostage King of Navarre, and the fierce Don Pedro of Spain, whose pale blue eyes gleamed with a sinister light as they rested once more upon the distant peaks of the land which had disowned him.
One single hypothesis of the observers of Long's Peak could ever be realized, that which foresaw the case of the travelers (if still alive) uniting their efforts with the lunar attraction to attain the surface of the disc.
Oblige me with some more chocolate, Peak, and don't wait.
The extreme elevation of these great steppes, which range along the feet of the Rocky Mountains, takes away from the seeming height of their peaks, which yield to few in the known world in point of altitude above the level of the sea.
The Rocky Mountains do not present a range of uniform elevation, but rather groups and occasionally detached peaks.
It is thought by some that, after death, they will have to travel to these mountains and ascend one of their highest and most rugged peaks, among rocks and snows and tumbling torrents.
In truth the lofty peaks were starting up so swiftly before the travellers that they seemed to be rushing down upon them.
based Oil Depletion Analysis Centre, warned way back in 2002 that we were headed for peak oil production, and that this would lead to "war, starvation, economic recession, possibly even the extinction of homo sapiens.
Unlike the debate over climate change, which the skeptics lost long ago, the war of words over peak oil is still very much raging, with solid science on both sides.