可虽然美联储继续大幅调低利率，纳斯达克指数在次年却下滑了22%。

But then the NASDAQ index fell 22% over the following year, although the Fed continued to cut interest rates aggressively.

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各国央行大幅度调低利率(见图表1)，最大的几个经济强国还采取了“定量宽松”政策。

Central Banks have slashed interest rates (see chart 1); the rich world's largest ones have supplemented ultra-cheap money with a special drug, quantitative easing (QE).

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