But the worst is still ahead of us. In the next few months, the macroeconomic news and earnings/profits reports from around the world will be much worse than expected, putting further downward pressure on prices of risky assets, because equity analysts are still deluding themselves that the economic contraction will be mild and short.
但是最糟糕的时候还远未到来。接下来几个月，世界各地出台的宏观经济消息和收入/利润报告将比预想的更糟糕，从而给风险资产价格带来更大的下行压力，因为股权分析师还在自欺欺人地说经济紧缩是温和的并且短暂的。