The boom does not have to end in deflation.

繁荣并非一定以通货紧缩为终点。

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America is now officially in deflation so real yields on Treasury bonds are around 3%.

美国官方已经正式宣布进入通货紧缩时期，所以美国国债的实际收益大约为3%。

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In late 2008, after the collapse of Lehman Brothers, the market was pricing in deflation (see chart).

2008年底雷曼兄弟倒闭后，市场是以紧缩水平来定价(见图表)。

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In contrast, Japan is worried deflation and weak demand could push the economy back into recession.

VOA: standard.2010.01.21

The value of money changes through time because of inflation or deflation; yet, most of our debts are written in money terms.

货币的价值因时而异,那是因为存在通货膨胀和通货紧缩;,但是，我们大多数负债都以货币方式记录。

耶鲁公开课 - 金融市场课程节选

For some time Rosenberg has been saying that the global economy is stuck in deflation.

FORBES

In late 2008, after the collapse of Lehman Brothers, the market was pricing in deflation (see chart).

ECONOMIST: A very unusual sign of confidence in economic policy

In deflation the nominal value of debts remains fixed even as nominal wages, prices and profits fall.

ECONOMIST: Inflation is bad, but deflation is worse