In other words, the market is betting that the dollar will fall gradually in the next five years, and that the US current-account deficit will narrow without a financial crisis. That is what happened in the late 1980’s, and in the late 1970’s, too.
换句话说，市场把赌注押在美元在接下来五年内会逐渐贬值，美国经常账户赤字将缩减，但不会发生金融危机。那就是二十世纪八十年代末和七十年代末所发生的事情。毕竟，据说，上帝保护儿童、傻瓜、狗及美利坚合众国。但软着陆的可能性随时间的推移而正在加大。