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

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。

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And more important than the absolute number is the direction: U.S. inflation was down from 2.7% in December.

而比绝对数字更重要的是方向：美国的通胀率比去年12月的2.7%降低了。

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Possibility of very high inflation pressure, resulting in absolute minimum rolling resistance.

可能性非常高的通货膨胀压力，导致绝对最低的滚动阻力。

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U.S. companies derive significantly more earnings from operations outside the U.S. than they did in 1976 (in proportional terms, as well as of course absolute inflation-adjusted terms).

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In the current environment, however, Apple is showing few signs of slowing down and could very easily make a run at becoming the most valuable company in history in both absolute and inflation-adjusted terms.

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Low inflation implies that prices may have to fall by more in absolute terms to return to fair value.

ECONOMIST: World stockmarkets