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They could suffer catastrophic losses if the treasuries are repriced. The 10-year treasury is yielding 4 per cent, against 4.1 per cent inflation in the US last year, and probably higher this year. The market still doesn't believe the current inflation rate will stick. When it wakes up to the inflation reality, the 10-year treasury may yield over 6 per cent and its nominal value could decline by 40 per cent.

一旦外汇资产价格波动,那将会给这三个国家带来不可估量的损失。10年之间,持有的外汇资产可能会带来4%的收益,但这相对于美国4.1%或者更高的通货膨胀率来说,实在是不太划算,并且从市场运行状况来看,通货膨胀继续恶化的趋势似乎没有听下来的迹象,当真正面对实际通货膨胀率时,10期间的外汇资产带来的收益也就是6%左右,但通货膨胀引发外汇资产的贬值额度却达40%之多。

They could suffer catastrophic losses if the treasuries are repriced. The 10-year treasury is yielding 4 per cent, against 4.1 per cent inflation in the US last year, and probably higher this year. The market still doesn't believe the current inflation rate will stick. When it wakes up to the inflation reality, the 10-year treasury may yield over 6 percent and its nominal value could decline by 40 per cent.

一旦外汇资产价格波动,那将会给这三个国家带来不可估量的损失。10年之间,持有的外汇资产可能会带来4%的收益,但这相对于美国4.1%或者更高的通货膨胀率来说,实在是不太划算,并且从市场运行状况来看,通货膨胀继续恶化的趋势似乎没有听下来的迹象,当真正面对实际通货膨胀率时,10期间的外汇资产带来的收益也就是6%左右,但通货膨胀引发外汇资产的贬值额度却达40%之多。

At the very beginning, a southern boy on Wall Street against the east-coast preppies, living in a sixth-floor walk-up filled with $25-worth of furniture, it was almost foolhardy.

最初,他是华尔街上相对于东海岸预备学校学生的一个南方男孩,住在塞满了价值25美元家具的房间里,到那得徒步走上6层楼,他几乎被人当成蠢人。

At the very beginning, a southern boy on Wall Street against the east-coast preppies, living in a sixth-floor walk-up filled with $25-worth of furniture, it was almost foolhardy.

出道之初,邓普顿只是个莽莽撞撞的南方小伙,住在那些东海岸预科生旁边的一幢六层楼高、没有电梯的公寓里,房间里的家具加起来只值25美元。

In an interview with Politicker NY assistant counselor to the mayor, Sami Naim spoke out against releasing the data saying, It's not how much paper you can put up on the Internet.

在接受PolitickerNY助理主任到市长接受采访时,萨米奈姆发表讲话,反对公布的数据说,这不是你可以在互联网上下载多少文件。

At a distance of a quarter-mile before him, but apparently at a stone's throw, rose from its fringe of pines the gigantic face of rock, towering to so great a height above him that it made him giddy to look up to where its edge cut a sharp, rugged line against the sky.

在他前方四分之一的地方,显然是一段短距离,巨大的山岩上耸立着高高在上的松树,他向山岩上看去时,让他眼花缭乱。

But when "the last war" comes up in school, it's taught in quite a theoretical way, as in:"Is war against another country a good thing?"

但当&上一次战争&在学校里被提起时,它的传授方式则比较理论化,比如:&对另一个国家开战是不是一件好事呢?&

China has already reacted to a surge in domestic inflation by stepping up the pace of appreciation of the renminbi, which it closely manages against the dollar.

中国已通过加快人民币升值步伐,对国内通胀迅速抬头作出反应。目前中国仍对人民币兑美元汇率施行严格管制。

We are looking to speed-up our play, but then maybe against Messina were overdid it.

我们要注意打出速度,不过对阵梅西纳时似乎又太过了一点。

It needed a good rubbing with silver polish, she thought, then chastised herself for being caught up in the trivia of smalltown life she had silently rebelled against through the years.

她心想这手镯需要用擦银粉好好上上光了,立刻又责备自己这种注意鸡毛蒜皮的小镇习气,多年来她一直在默默反抗这种习气。

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Up Against It
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For a big chunk of credit-card losses; the number of filings (and thus charge-off rates) would be rising again, whether

年美国个人破产法的一个改动使得破产登记急速下降,而后引起了信用卡大规模的亏损。

Eph. 4:23 And that you be renewed in the spirit of your mind

弗四23 而在你们心思的灵里得以更新

Lao Qiu is the Chairman of China Qiuyang Translation Group and the head master of the Confucius School. He has committed himself to the research and promotion of the classics of China.

老秋先生为中国秋阳翻译集团的董事长和孔子商学院的院长,致力于国学的研究和推广。