也许更重要的是，企业/市政债券的绝对收益率相对通货膨胀来说较有吸引力，甚至比股票更具吸引力。

Perhaps more important, absolute yields on corporate and municipal debt look attractive relative to inflation, and even stocks.

youdao

这其中通货膨胀顶多算个配角，绝对不是主力。

Inflation was more of a sideshow than a driving force.

youdao

同时我们在当前全球经济衰退的时期绝对不能自鸣得意-不像10年或20年前-基础很稳固：低通货膨胀率，稳定的大众财政状况。

And while we will never be complacent, at this time of global slowdown - unlike 10 or 20 years ago - the fundamentals are sound: low inflation, stable public finance.

youdao