Michael Gapen of Barclays Capital has calculated the value of this “deflation put option” and reckons it suggests a 10-15% probability of deflation over the next five years.

巴克莱资本的Michael Gapen计算了这“通缩选择”的价值并估计，在未来5年将有10-15%的通缩可能性。

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Michael Gapen of Barclays Capital has calculated the value of this "deflation put option" and reckons it suggests a 10-15% probability of deflation over the next five years.

巴克莱资本的Michael Gapen计算了这“通缩看跌期权”的价值并估计，在未来5年将有10 - 15%的通缩可能性。

youdao

The data "show a broad-based recovery in housing activity and prices across the country, " said Michael Gapen, an economist at Barclays Capital.

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Gapen said it also seemed reasonable to use the example of Hurricane Katrina as a benchmark for economic impact given its size.

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Gapen said that Sandy will likely pose a modest drag on the fourth quarter on the order of about 0.2-0.3 percentage points, with negative effects in October and early November partially offset by a rebound later in the quarter.

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