摩根

Magenshidanli's analyst is fatidical, this one act repeats probably in China.

摩根士丹利的分析师预言，这一幕很可能在中国重演。

As Joachim Fels of Morgan Stanley argued on this page last week, the world is entering a phase in which we can no longer take low inflation for granted.

摩根士丹利经济师方艾硕上周在本报撰文指出，世界正进入这样一个阶段——我们再也不能将低通胀率视为理所当然。

The ratio of global money supply to gross domestic product has never been higher, according to Morgan Stanley economists Joachim Fels and Manoj Pradhan -- supporting what they call a 'global liquidity cycle' that puts cash into the hands of investors who bid up assets.

摩根士丹利经济学家费尔斯和普拉德汉说，全球货币供应量与国内生产总值的比率目前处于前所未有的高水平，这支持了他们所说的&全球流动性周期&，让现金流入到推高资产价格的投资者手中。

The sovereign crisis has pushed the ECB into flooding the system with even more liquidity,' Morgan Stanley economist Joachim Fels wrote in a note this week.'Global excess liquidity should grow by even more, lifting the prices of commodities and other risky assets and adding to global inflation pressure s.

摩根士丹利经济学家菲尔斯本周在一份研究报告中说，主权债务危机促使欧洲央行为系统注入更多流动性，全球流动性过剩的局面应会进一步加剧，这将推高商品及其他高风险资产的价格，并加大全球通胀压力。

The sovereign crisis has pushed the ECB into flooding the system with even more liquidity,' Morgan Stanley economist Joachim Fels wrote in a note this week.'Global excess liquidity should grow by even more, lifting the prices of commodities and other risky assets and adding to global inflation pressures.

摩根士丹利经济学家菲尔斯本周在一份研究报告中说，主权债务危机促使欧洲央行为系统注入更多流动性，全球流动性过剩的居民应会进一步加剧，这将推高商品及其他高风险资产的价格，并加大全球通胀压力。

Joachim Fels and Manoj Pradhan, of Morgan Stanley, have made a stab at estimating neutral interest rates, ie, the short-term rates that would keep GDP growing at its trend pace and inflation on a stable path.

摩根斯坦利的Joachim Fels 和Manoj Pradhan制作的图表计算了基准利率，就是可使通胀率和GDP增长率保持固定幅度的短期贷款利率。

Joachim Fels and Manoj Pradhan, of Morgan Stanley, have made a stab at estimating neutral interest rates, ie, the short-term rates that would keep GDP growing at its trend pace and inflation on a stable path.

摩根斯坦利的Joachim Fels和Manoj Pradhan估算了&金砖四国&的中性利率，即令GDP增长率与趋势增长率相符、并使通胀率保持稳定的短期利率水平。

Joachim Fels and Manoj Pradhan, of Morgan Stanley, have made a stab at estimating neutral interest rates, ie, the short-term rates that would keep GDP growing at its trend pace and inflation on a stable path. The results are startling.

摩根斯坦利的Joachim Fels和Manoj Pradhan对中性利率（neutral interest rates，使GDP保持趋势增长率而通货膨胀率保持稳定的短期利率）做了一个粗略的估计，结果令人吃惊。

The sovereign crisis has pushed the ECB into flooding the system with even more liquidity,' Morgan Stanley economist Joachim Fels wrote in a note this week.'Global excess liquidity should grow by even more, lifting the prices of commodities and other risky assets and adding to global inflation pressures.

摩根士丹利经济学家菲尔斯本周在一份研究报告中说，主权债务危机促使欧洲央行为系统注入更多流动性，全球流动性过剩的局面应会进一步加剧，这将推高商品及其他高风险资产的价格，并加大全球通胀压力。

He called his 1944 book (coauthored by economist Oskar Morgenstern ) Theory of Games and Economic Behavior because he perceived that economies possessed a highly coevolutionary and gamelike character, which he hoped to illuminate with simple game dynamics.

他在1944年写了一本书（合著者为经济学家奥斯卡摩根斯特恩（2），并将它命名为《博弈论与经济行为》[2]，因为他认为，经济具有高度共同进化和竞赛的性质，而他希望以简单的游戏动力学来阐释它。

Lugalbanda was a god and shepherd king of Uruk where he was worshipped for over a thousand years.

Lugalbanda 是神和被崇拜了一千年多 Uruk古埃及喜克索王朝国王。

I am coming just now,' and went on perfuming himself with Hunut, then he came and sat.

我来只是现在，'歼灭战perfuming自己与胡努特，那麼，他来到和SAT 。