Simply put, we live in a world in which there is too much supply and too little demand. The result is persistent disinflationary, if not deflationary, pressure, despite aggressive monetary easing.
简言之，当今世界供给过多而需求太少。结果是持续反通胀甚至通缩压力，尽管货币当局正在积极采取宽松政策。