Yet the news is not all bad: inflationary pressures are abating fast. Even so, this hides more bad news. The broken financial system will weaken the transmission from monetary easing to the economy. This will make the coming slowdown last a long time. Even though decisive action has saved the financial system from its recent heart attack, the patient remains enfeebled.
美國仍然具有令全球經濟陷入混亂的能力，至少從上世紀20年代起，它就具備了這種能力。因此，高收入國家去杠桿化和新興經濟體增長勢頭之間的角力，最終將以前者取得決定性勝利而告終。唉！
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