在信用周期的积极阶段，超额回报首先产生于对信用升级的正确预测，以及在消极阶段首先产生于对信用降级的正确预测。
In positive phases of the credit cycle, alpha is generated primarily from the correct forecasting of upgrades, and in negative phases primarily from correctly forecasting downgrades.
你处于更新周期的哪个阶段：是积极维持现状，还是选择性忘记过去，又或是大胆创造未来？
Where are you in the cycle of renewal: Are you actively preserving the present, or selectively forgetting the past, or boldly creating the future?
在全球发展协会，你可以做到这三点。无论你处于人生的哪个阶段，无论你走到哪里，无论你在 GDA 做什么项目，你都能为贫困偏远的社区创造积极的变化。
You can do all the three with Global Development Association. Whatever stage of life you're at, wherever you go and whatever project you do in GDA, you'll create positive changes in a poor and remote community.
注意到这时对外界帮助的依赖减少了，因为内部的指导在这阶段起到了非常积极的作用。
Notice that there is less dependence on external help, because the internal mentors should be taking more of an active role in this phase.
在第二个阶段的测试中公司得到了积极的结果，特别是在鼻窦炎和鼻息肉，慢性鼻窦炎和偏头痛等慢性病的治疗方面。
In its second phase the company had positive results when testing their device for chronic rhinosinusitis with polyposis, chronic rhinosinusitis without polyposis and migraine therapies.
她补充道，之所以让你量力而行，另外一个原因是，“既然你现在还在摸索阶段，你的兼职工作应该成为一种积极的经验，而不是让你筋疲力尽。”
Another reason not to take on too much at once is that "while you're still trying this out, it should be a positive experience, not one that leaves you exhausted, " she adds.
接受阶段旨在帮助构建公司方向的积极意识。
The acceptance phase is designed to help build a positive perception of the company's direction.
在第二个阶段(或称阶段2)，假设所有资源管理器都积极应答。
In the second phase (or Stage 2), assuming all the resource managers replied positively.
积极研究阶段持续了36周，以后是为期1年的跟踪研究。
Theactive study phase lasted 36 weeks, followed by one year ofpassive follow-up.
Caffeine的沙盒测试阶段已经结束，我们感谢网站管理员的热心测试和积极投入。
This sandbox is no longer necessary and has been retired, but we appreciate the testing and positive input that webmasters and publishers have given.
在网站建设的各个阶段我都很积极地参与到了，我算是一个概念设计师的身份，我必须要保证网站就是我想要的那个样子，而且我有最终否决权。
I am very actively involved as a concept designer in all stages of the work to make sure I was getting exactly what I want and hold the ultimate veto power.
建模标记，例如uml，在此阶段中被积极地使用，从而生成各种观点。
Modeling notations, such as UML, are actively used during this phase to produce various viewpoints.
但事情也仅停留在讨论的阶段，而与此同时，整个世界都在积极的行动着。
And that's all it is right now: talk. Meanwhile, the rest of the world is acting.
在曲折的中东和平谈判进程的每个阶段，美国施展各种技巧以促使以色列的让步，但是并未得到阿拉伯国家积极的响应，甚至是他们的信誉。
At each step in this tortuous negotiatingprocess, the United States has pushed and pulled Israel toward concessions, butreceived little or no credit from the Arab side.
分阶段方案意味着效益成本比也并不乐观，除非主管团队能积极推广并获得成功，否则项目也存在着关张的风险。
This phased approach means that the cost-to-benefit ratio isn't rosy either, and unless the head team can deploy aggressively and successfully, the project is at risk of being shut down.
尽管这些工具仍然处于早期的开发阶段中，但它们已经比较稳定，功能也比较强大，且在积极地维护之中。
These tools, while clearly still in development, appear to be stable and functional, and actively maintained.
目前处于积极的开发阶段。
从这个简单的低通滤波器，信号到积极的基调控制阶段。
From this simple lowpass filter, the signal goes to the active tone control stage.
在安装施工和生产准备阶段，积极参与现场仪表设备的安装、试、用，确保装置顺利开车投产。
Participate in installation, commissioning and putting-in-service proactively on the stage of construction and production preparation, to ensure all units start up smoothly.
第二阶段的裁革由于得到世宗的积极支持，故取得了显著的成效。
Because of emperor Shizong's positive support, the reduction in the second phase acquired remarkable effect.
本文以英语语法学习为中心，讨论和探索了在高中阶段，写作对语法学习的积极作用及通过写作学习语法的具体途径。
The essay, laying emphasis on English grammar learning at senior high school level, discusses and proves the positive effect that writing brings to grammar learning.
对于项目团队的积极成员来说，这些负荷条显示了某个Sprint阶段追踪进展情况所需的全部信息。
For active members of the project team, these load bars may present all of the information that they really need to track progress within a sprint.
通过记忆的重拾，学会发现自身积极的才华和能力，是发现自我的一个重要阶段。
Learning to recognize your positive talents and strengths through memory retrieval is an important lease of the process toward discovering your Enchanted Self.
目前已经收到了一些家庭的积极反馈，该县已经开始了训练计划的第二阶段。
Having received positive feedback from many families, the county has begun the second phase of training for the project.
然而，度过最初的难以接受后，英国人似乎已经进入了下一阶段的恢复期，并对局势采取积极的、创造性地态度。
However, after finding it initially difficult to take in, it seems Brits have moved over to the next phase of recovery and have taken on a proactive, inventive attitude to the situation.
少球员积极做早期阶段意味着更大的竞争现金，所以计划必须是鲜明的，相关的和高效率的现金。
Fewer players actively doing early stage means greater competition for cash, so plans have to be sharp, relevant and highly cash efficient.
但是从这个问题开始，我们探讨了更多关于合作的积极问题，他对两大教堂之间下一阶段的官方对话非常热诚。
But we moved on from there to talk about more positive matters of cooperation and he was extremely enthusiastic about the next stage of official dialogue between our two churches.
我公司正积极探索纯气动和纯电动技术在吹塑行业的应用，已经进入样机阶段。
My company is actively explore pure pneumatic and full-electric technology in blow molding industry application, have entered prototype stage.
我公司正积极探索纯气动和纯电动技术在吹塑行业的应用，已经进入样机阶段。
My company is actively explore pure pneumatic and full-electric technology in blow molding industry application, have entered prototype stage.
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