the sharp fall in prices reverses this trend, at least for employed workers.
物价的大幅下跌扭转了这一局势,至少对于就业的工人来说。
as the example of japan shows, a short, sharp fall in prices is better than prolonged obfuscation and denial.
日本的例子显示,短期大幅降价比长期的市场低迷和拒绝问题严重性要来得更加明智。
it also helps explain why america has suffered such a sharp fall in prices after the bust despite peaking lower than many other countries (see chart 4).
影子库存也有助于解释为什么美国房价峰值在远低于其他国家(见图4)的情况下就经历了如此剧烈的下跌。
brazilian steel producers suffered a sharp fall in prices last year, which they blamed on a sharp rise in cheap imports, mainly from china.
巴西钢铁生产商去年遭遇了价格的大幅下跌——他们将其归罪于主要来自中国的廉价钢材进口激增。
thus a sharp fall in prices would produce a raft of nonperforming loans and 'would have an outsized impact on chinese banks.
如此说来,房价暴跌将产生大量不良贷款,给中资银行带来巨大影响。