And Stephen Dulake of JPMorgan calculates that spreads are more than wide enough to compensate for the impact of a 2.5% fall in the American economy next year.
另外摩根大通的斯蒂芬·杜雷克推算利差的幅度已相当大，哪怕明年美国经济下降2.5%，这个幅度也足以弥补下降所造成的影响。
There have been few bond defaults as yet, but Stephen Dulake, a credit strategist at JPMorgan, reckons investors may be looking in the wrong place for trouble;
目前债券违约情况还不多，但JP摩根（JP Morgan）欧洲信贷策略师斯蒂芬•杜雷克提醒投资者可能并没注意麻烦的真正来源；
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