All of this is, of course, good news for those who own assets like long-term bonds, stocks, and real estate. Indeed, elevating long-term asset prices was precisely the point of lowering interest rates: making bondholders and especially real estate owners richer, after all, provides a fillip to spending.
当然，所有这一切对那些持有长期债券、股票和地产的人来说是好消息。确实，提高长期资产价格正是降低利率的关键：让债券、特别是地产持有者更加富裕毕竟可以刺激消费。