题目内容
（请给出正确答案）
A.downgrade risk.
B.default risk.
C.credit spread risk.
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（由简答题聘请的专业题库老师提供的解答）
更多“An investor fears that economic conditions will worsen and the market prices of her p”相关的问题
A.A shaking of heavenly spheres.
B.A vibration of the universe.
C.A trembling of the universe.
D.An earthquake.
What is Larry's main concern about the job？
A．He wonders if he'll have enough time to do the job.
B．He is afraid he won't know enough to do the job well.
C．He fears that the job may be too boring.
Which can be inferred from the passage？
A．The unintelligent child is always incurious to the outer world and fears to try.
B．The intelligent child must be more aggressive than unintelligent ones.
C．The differences of intelligence are due to the bad education.
D．The intelligence is result of late education.
But while the trauma that inflation created for investors in the 1970s is still close to the surface, the sudden frenzy is misplaced. Powerful forces in the world economy continue to keep prices largely in check.
Over the past decade, inflation has been a minor threat compared with brutal deflationary shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia's flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. By early 2001, Silicon Valley, the pride of the U. S. economy, was crashing, while entire sectors of the so-called New Economy disintegrated.
The tech wreck may be over, but it has left a legacy of low prices. Tech companies had to dump on the market everything from fiberoptic networks to computer chips, as desperate investors struggled to raise cash. That slashed telecommunication costs at the very moment that emerging markets were producing a skilled and hungry generation of information workers. Result？ The offshore outsourcing revolution and downward pressure on global production costs that keeps inflation under control. Equally powerful are the ultra-low-cost emerging-market manufacturing bases, led by China. With more than 1 billion people set to enter the urban labor markets of China, India, Brazil and Indonesia in the next 20 years, all those pressures on prices will only intensify.
More immediate forces are also at work to keep prices from surging. Despite some wishful thinking, growth in Europe is slowing, not accelerating. A large part of U. S. growth has been driven by booming real estate prices. But in the past two years, the Fed has increased rates 16 times, so real estate-driven consumption is yesterday's news. Tomorrow's story will be the sharp fall in U. S. growth as consumers face higher mortgage costs. That dynamic could become particularly nasty, given the record level of U. S. household debt, government deficit and unequaled current-account shortfall.
Investors are often caught flat-footed when markets slide. In 2001-02, deflation was the fear of the day, but few investors at the time saw the opportunity in commodities, which were going for a fraction of today's prices. Today investors are obsessed with inflation, while government and toptier corporate bonds are shunned.
That should be telling us something. What is it？ In the past few years, the central banks of Japan, the U. S. and Europe have cut interest rates so aggressively that the real cost of borrowing fell to, effectively, below zero. That spurred extraordinary amounts of debt financing by governments and corporations. But now, as the global credit cycle tightens, some of the marginal investments will quickly become unsustainable. If central bankers keep raising interest rates, deeper cracks would open in the world economy.
What is really troubling markets is not inflation. It is the fear that central banks may have t
A．a bank…an investor
B．a bank…a bank
C．an investor…an investor
D．an investor…a bank
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