However, the stagflationary challenge requires a different toolkit that borrows from the past and also involves new tricks.

然而，应对滞胀挑战需要一套不同的工具，一套既借鉴过去，也包含新技巧的工具。

The stagflationary shock would carry echoes of the Yom Kippur war of 1973, which sparked the first of the two energy crises of that decade.

滞胀冲击会让想起1973年的赎罪日战争，那场战争引发了那十年中两次能源危机中的第一次。

Uh, tariffs are taxes that three are stagflationary for the world as a whole.

关税是一种税收，它们对全球整体而言具有滞胀效应。

Look, I call it a stagflationary impulse because if you Back to the Future style brought somebody from the 1970s when we had stagflation, The inflation rate was almost double digits and the unemployment rate was 7, 8, 9%.

我称之为滞胀冲动，因为如果你用《回到未来》那种方式把一个经历过上世纪70年代滞胀的带回来，时的通胀率几乎达到了两位数，失业率则是7%、8%、9%。

But the Fed is facing, in some sense, this Most difficult stagflationary challenge, meaning they have forces that are raising the unemployment rate and also raising potentially inflation since the OPEC crisis of 1973.

但美联储在某种意义上正面临最困难的滞胀挑战，这意味着自1973年欧佩克危机以来，有力量正在提高失业率，同时也可能推高通胀。

There's a lot of variables at work, but I think this is going to be a stagflationary shock, pretty significant hit to US growth, pretty significant boost to US inflation.

有很多变量在起作用，但我认为这将是一次滞胀冲击，对美国经增长造成的打击，并显著提升美国的通货膨胀。

This should be a good time to be warmer The Droyend of American retailers that came of age in the stagflationary era of the 1970s.

这应该是零售商温暖起来的好时机，特别是那些在美国上世纪70年代滞胀时期成长起来的零售商。

Best of all for an investor fearing high inflation and low growth, commodity futures had an average excess return of 10% in stagflationary years.

对于担心高通胀和低增长的投资者来说， 最重要的是，商品期货在滞胀年份的平均超额回报率为 10%。

Given the present and possibly future stagflationary economic landscape, investing in things that would crush you has historically proven to be a good bet.

鉴于前以及可能未来的滞胀经形势，历史上证明投资那些可能会压垮你的事物是一个不错的赌注。

So it's difficult to say, you know, with any certainty the UK is going to head into some kind of stagflationary spiral.

因此，很难断言，英国肯定会陷入某种滞胀螺旋。

The collapse in confidence is consistent with stagflationary concerns, which we expect to unfold over the coming year.

信心的崩溃与我们对未来一年可能出现的滞胀担忧一致。

The tariffs are stagflationary — they lower growth and increase prices, at least at one point.

关税具有滞胀性——它们降低经增长并推高物价，至少在某一时刻是如此。

Energy is a great place to be if you're in a stagflationary setup, absent a recession.

如果你处于滞胀环境，而没有陷入衰退，能源行业将是一个绝佳的选择。

During a stagflationary environment, you wanted to be in stocks over bonds.

在滞胀环境中，你应选择股票而非债券。

When you get a stagflationary shock, which is to say something that both reduces employment and increases the prices simultaneously, that's a kind of uncertainty that's not that pleasant.

遇到滞胀冲击时，也就是说某种同时减少就业并提高价格的情况，这是一种不那么令愉快的不确定性。

I mean, the worst case scenario still remains that we end up in some sort of stagflationary environment.

我的意思是，最坏的情况仍然是，我们最终陷入某种滞涨环境。

You know, stagflation feels like an end state, so to be mildly stagflationary is strange to me.

你知道，滞胀听起来像是一个最终状态， 因此被称为“轻度滞胀” 对我来说很奇怪。

No, I am too young to remember the last stagflationary event.

不，我太年轻了，对上一次滞胀事件没有记忆。

And I just wonder what leads that if it's not going to be big tech and if potentially you have bond yields that are not going to be cooperative into potentially a stagflationary type of environment.

我想知道，如果不是型科技公司，那么是什么在引领市场，尤其是在可能出现滞胀型环境的情况下，债券收益率可能并不配合。

But it's directionally a stagflationary direction, which is to say big tariffs drive up prices and drive down economic growth.

但总体方向是朝滞胀发展的，也就是说高额关税会推高价格并抑制经增长。