The reason we should fear this possibility is that the world’s economic equilibrium is both fragile and unstable – and could wobble dangerously without determined and coordinated policy intervention. A Fed rate hike might not tip it over, but some other seemingly innocuous event could.
我们之所以应该担忧这一可能性，是因为世界经济均衡脆弱不稳——如果没有果断而的协作政策干预，可能出现危险的波动。美联储升息未必会导致如此波动，但其他一些看似安全的事件可能达到这一“效果”。