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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As the final estimate of the costs from hurricane Sandy will not be known for some time, a reasonable starting point is to understand how damages are calculated, Barclays Capital economists led by Michael Gapen wrote in a research note on Friday.

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