標題:A flight from the dollar could wreck America’s budget
副標題:The currency’s dominance enables very high debts and deficits,meaning a plunge might spell disaster
正文:In 1990s Japan the worst days of a market crisis brought about a “triple yasu” loss: a fall in stockmarkets, a rise in bond yields and a declining currency. It is now America that must stomach this noxious combination. Although President Donald Trump’s tariff pause provided a brief respite, the triple yasu has made an unwelcome return. Most alarming lately have been movements in the bond and currency markets. In total since April 1st the dollar has fallen by more than 4% against a basket of major currencies, at the same time as yields on ten-year Treasury bonds have risen by 0.3 percentage points.
知識點:bring about phr.v.
to cause something to happen 導致;引起;使發生
His actions brought about a significant change in the company 's policy.他的行為導致了公司政策的重大變化。
獲取外刊的完整原文以及精講筆記,請關注微信公眾號「早安英文」,回復“外刊”即可。更多有意思的英語干貨等著你!