The boom does not have to end in deflation.
繁荣并非一定以通货紧缩为终点。
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%。
Some worry this could end in deflation.
这最终可能造成通货紧缩。
If devaluation were to bring with it a higher inflation rate, that may be no bad thing for an economy Mired in deflation.
如果人民币贬值将带来更高的通胀率，这对陷入通缩的经济来说或许并非坏事。
If devaluation were to bring with it a higher inflation rate, that may be no bad thing for an economy Mired in deflation.
如果人民币贬值将带来更高的通胀率，这对陷入通缩的经济来说或许并非坏事。
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