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Has the long period of credit expansion—dubbed the “debt supercycle” by Martin Barnes of Bank Credit Analyst—come to an end?

长期的信用扩张——信用分师MartinBarnes称为“级周期”——会画上句号吗?

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独霸 第一期

The iPhone 8, due to be unveiled in September, is likely to be innovative enough to encourage around 250m-300m iPhone users to upgrade, driving a new " supercycle" of sales.

定于今年9月推出的iPhone8有足够的创新,吸引约2。5至3亿iPhone用户升换机,从而推动新一轮的销售" 周期" 。

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经济学人 Business

BHB Billiton's audacious $150 billion bid in 2008 for a rival, Rio Tinto, would have created a commodities supergroup, captured the debt-fuelled spirit of the commodities supercycle of the 2000s.

拓在2008年对其竞争对手力拓提出的那项大胆的1500亿美元收购要约,本以创造出一个大宗商品团,并捕捉到2000年代大宗商品周期那种债务驱动的精神。

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经济学人 Business

Then, when the commodity supercycle crashed in 2015, both landed in investors' bad books and were forced to shed assets and pay down their debts.

随后, 2015年大宗商品期崩溃时,两家公司都失去了投资者的青睐, 被迫剥离资产并偿还债务。

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