The percentage of private sector housing changing hands moved up slightly from 3% at the end of last year to almost 4%, but remains way below its pre-downturn level of between 7% and 8%.

私有房屋倒手百分比从去年年底的3%略上升到近4%，但是依然保持低于其低迷前期的7%和8%之间。

youdao

The downturn was not caused by a liquidity squeeze, so the Fed cannot wave its wand and return asset prices to their pre-recession configuration.

这次衰退出现的原因并非流动性挤出，因此美联储也就无法收起魔法棒让资产价格回到衰退前的状态。

youdao

The downturn was not caused by a liquidity squeeze, so the Fed cannot wave its wand and return asset prices to their pre-recession configuration.

这次衰退出现的原因并非流动性挤出，因此美联储也就无法收起魔法棒让资产价格回到衰退前的状态。

youdao