然而，危险在于对于存货周期的过度关注导致人们忽略了这次经济下滑的根本特征：这次下滑主要是由金融危机加速的资产负债表衰退，同时也是异乎寻常的全球性同步衰退。

The danger, however, is that too much emphasis on the stock cycle misses the underlying characteristics of this downturn. This is mainly a balance-sheet recession precipitated by a financial crisis.

youdao