Then the--so the term structure was downward-sloping until about two and a half years and then it was upward sloping.
期限结构线先向下倾斜,在到期期限过了两年半的时点后,才缓慢回升
And very often what that does-- a positive emotion can take us out of this downward spiral and create an upward spiral.
很经常的是-,积极情绪把我们带出下行螺旋,形成一个上行螺旋。
We had an extraordinarily high price-to-earnings ratio representing a lot of optimism in the '20s for the stock market and then it corrected and went abruptly downward-- that was The Great Depression.
在二十年代,市盈率高得离奇,表现了当时人们对股票市场的乐观,当其得到修正并突然下跌时,大萧条便开始了
That's a strongly downward-sloping term structure.
这是个显著向下倾斜的期限结构
Irving Fisher also drew on the curve a production possibility frontier for society, which he made downward-curved.
欧文·费雪还画了一条曲线,代表了社会的生产可能性边界PPF,这是一条向下的曲线
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