The article discusses the current business cycle in 1995 and compares it to previous cycles in 1943, 1966, and 1987. It notes that the current upturn has been lasting longer than usual, with slower growth and decreasing employment gains. Despite low unemployment rates and high capacity utilization, inflation has remained restrained. The researchers question whether changes in behavior, such as cost reduction and outsourcing, have impacted the traditional indicators of economic health. Overall, the data suggests that inflationary pressures may be less significant in this cycle compared to previous ones.