The economist Larry Summers has reintroduced the term “secular stagnation” to describe what awaits us. By the mid-2000’s, Summers argued at a recent International Monetary Fund conference, the average prospective return on new investment in the United States had fallen below any feasible reduction in the Federal Reserve’s benchmark interest rate.
经济学家萨默斯（Larry Summers）再次用“长期停滞”一词来形容等待我们的前景。萨默斯在最近的国际货币基金组织（IMF）会议上指出，到2005年左右，美国新投资的平均预期回报比可以预见的所有美联储基准利率降息都要低。