kk-01 Flashcards
(247 cards)
1
Q
docket
A
议事日程 US data again dominated the docket
2
Q
US data again dominated the docket
A
议事日程
3
Q
appreciably
A
adv. 略微，有一点 ADJ-GRADED 能被表示程度的副词或介词词组修饰的形容词 After rebounding in December, the Philadelphia Fed’s manufacturing index fell appreciably in January. 可觉察的；相当大的；明显的
4
Q
After rebounding in December, the Philadelphia Fed’s manufacturing index fell appreciably in January.
A
adv. 略微，有一点 ADJ-GRADED 能被表示程度的副词或介词词组修饰的形容词 可觉察的；相当大的；明显的
5
Q
panacea
A
n. 万应灵药；治百病的药 The use of thresholds is not a panacea.
6
Q
The use of thresholds is not a panacea.
A
n. 万应灵药；治百病的药
7
Q
taper
A
vt.& vi. 逐渐变细，变尖；逐渐减弱 n. 细蜡烛；灯芯；锥形物 With QE3, the Committee instead seeks “substantial improvement” in labor markets before pausing purchases. The Committee may also taper the program as needed.
8
Q
With QE3, the Committee instead seeks “substantial improvement” in labor markets before pausing purchases. The Committee may also taper the program as needed.
A
vt.& vi. 逐渐变细，变尖；逐渐减弱 n. 细蜡烛；灯芯；锥形物
9
Q
entice
A
vt. 诱惑；怂恿 I do not think unemployment has yet fallen enough to entice those that have left the labor market to re-enter.
10
Q
I do not think unemployment has yet fallen enough to entice those that have left the labor market to re-enter.
A
vt. 诱惑；怂恿
11
Q
wild card
A
n. 未知数；外卡；通配符 One wild card continues to be the European economy.
12
Q
One wild card continues to be the European economy.
A
n. 未知数；外卡；通配符
13
Q
a bridge too far
A
The idiom “a bridge too far” means a target that is too ambitious, particularly one that will end up causing problems or even dire consquences. A similar cliché is “biting off more than you can chew.” The idiom “a bridge too far” is based on Cornelius Ryan’s 1974 book A Bridge too Far, which was made into a film of the same name in 1977. The Committee has maintained a qualitative approach to the state-contingent aspect of balance sheet policy. Attempts to also put thresholds on the timing of asset purchases may be a bridge too far.
14
Q
The Committee has maintained a qualitative approach to the state-contingent aspect of balance sheet policy. Attempts to also put thresholds on the timing of asset purchases may be a bridge too far.
A
The idiom “a bridge too far” means a target that is too ambitious, particularly one that will end up causing problems or even dire consquences. A similar cliché is “biting off more than you can chew.” The idiom “a bridge too far” is based on Cornelius Ryan’s 1974 book A Bridge too Far, which was made into a film of the same name in 1977.
15
Q
tame
A
adj. 驯服的；平淡的；无精打采的 v. 驯服；抑制 In a tame inflation environment policymakers are likely to be more comfortable waiting for the unemployment rate to fall, and in turn they may allow it to fall further before changing course on policy.
16
Q
In a tame inflation environment policymakers are likely to be more comfortable waiting for the unemployment rate to fall, and in turn they may allow it to fall further before changing course on policy.
A
adj. 驯服的；平淡的；无精打采的 v. 驯服；抑制
17
Q
deluge
A
n. 洪水；泛滥；倾盆大雨 vt. 使淹没；使泛滥 …. although relative to market expectations running into the releases the data deluge was largely a ‘wash’.
18
Q
…. although relative to market expectations running into the releases the data deluge was largely a ‘wash’.
A
n. 洪水；泛滥；倾盆大雨 vt. 使淹没；使泛滥
19
Q
solace
A
n. 安慰，安慰物 vt. 安慰，慰藉；减轻；使快乐
That said, it appears as though the bond market took some solace from a slightly lower than expected US core CPI for December.
Earnings estimate revision momentum provides some solace but more factors are implying a relative price correction and we tend to respect the data and not bias it.
20
Q
That said, it appears as though the bond market took some solace from a slightly lower than expected US core CPI for December.
A
n. 安慰，安慰物 vt. 安慰，慰藉；减轻；使快乐
21
Q
tsar
A
n.俄国沙皇；专制独裁者；“czar”的变体 Private tutor tsars
22
Q
Private tutor tsars
A
n.俄国沙皇；专制独裁者；“czar”的变体
23
Q
czar
A
n.俄国沙皇；专制独裁者；“czar”的变体
24
Q
no-no
A
N-SING 单数名词不容许的事物;不能接受的事物;被禁止的东西 Just like a casino, we watch the tables, empty tables are a big no-no
25
Just like a casino, we watch the tables, empty tables are a big no-no
N-SING 单数名词不容许的事物;不能接受的事物;被禁止的东西
26
hassle
n. 困难的事情；麻烦的事情；争论 vt. 不断烦扰；与…争辩；使…烦恼 vi. 争论，争辩 • Get a lawyer and get this over with, You don’t need to hassles
27
Get a lawyer and get this over with, You don’t need to hassles.
n. 困难的事情；麻烦的事情；争论 vt. 不断烦扰；与…争辩；使…烦恼 vi. 争论，争辩
28
take a shine to
对…有好感 • I know you guys never take a shine to her.
29
I know you guys never take a shine to her.
对…有好感
30
snatch
n. 抢；一阵子，一下工夫；很小的数量；诱拐 vi. 作出握住或抢夺的动作；很快接受 vt. 抢夺，夺得；及时救助；[体育运动]举重 • OK, if you want her, snatch her back. You have my full support. Money and effort wise.
31
• OK, if you want her, snatch her back. You have my full support. Money and effort wise.
n. 抢；一阵子，一下工夫；很小的数量；诱拐 vi. 作出握住或抢夺的动作；很快接受 vt. 抢夺，夺得；及时救助；[体育运动]举重
32
grotesque
adj. 怪诞的，荒诞不经的；奇形怪状的 n. 奇形怪状的东西；奇异风格 He may be a doctor, but he’s grotesque. He’s older and he’s a wimp.
33
He may be a doctor, but he’s grotesque. He’s older and he’s a wimp.
adj. 怪诞的，荒诞不经的；奇形怪状的 n. 奇形怪状的东西；奇异风格
34
He may be a doctor, but he’s grotesque . He’s older and he’s a wimp .
n. 懦弱的人，无用的人；（俗语）瘪三
35
wimp
n. 懦弱的人，无用的人；（俗语）瘪三 He may be a doctor, but he’s grotesque . He’s older and he’s a wimp .
36
n. 懦弱的人，无用的人；（俗语）瘪三
wimp
37
adj.怪诞的，荒诞不经的；奇形怪状的 n.奇形怪状的东西；奇异风格 樣衰
grotesque
38
n. 懦弱的人，无用的人；（俗语）瘪三
wimp
39
n. 抢；一阵子，一下工夫；很小的数量；诱拐 vi. 作出握住或抢夺的动作；很快接受 vt. 抢夺，夺得；及时救助；[体育运动]举重
snatch
40
对…有好感
take a shine to sb
41
n. 困难的事情；麻烦的事情；争论 vt. 不断烦扰；与…争辩；使…烦恼 vi. 争论，争辩
hassle
42
N-SING 单数名词不容许的事物;不能接受的事物;被禁止的东西 大忌
no-no ultimate no-no
43
n.俄国沙皇；专制独裁者
Tsar
44
The idiom "a bridge too far" means a target that is too ambitious, particularly one that will end up causing problems or even dire consquences. A similar cliché is "biting off more than you can chew." The idiom "a bridge too far" is based on Cornelius Ryan's book.
a bridge too far
45
vt. 诱惑；怂恿
entice
46
n. 未知数；外卡；通配符
wild card
47
n. 万应灵药；治百病的药
panacea
48
vt.& vi. 逐渐变细，变尖；逐渐减弱 n. 细蜡烛；灯芯；锥形物
taper
49
ADJ-GRADED 能被表示程度的副词或介词词组修饰的形容词 可觉察的；相当大的；明显的
appreciably / appreciable
50
议事日程
docket
51
adj. 遍体鳞伤的；（身上）青一块，紫一块
black and blue
52
black and blue
adj. 遍体鳞伤的；（身上）青一块，紫一块 You’re the reason he’s black and blue !
53
You’re the reason he’s black and blue !
adj. 遍体鳞伤的；（身上）青一块，紫一块
54
v. 撤销，取消，废除
revoke
55
revoke
v. 撤销，取消，废除 Even if you can’t get his license revoked, as the very least make a stand in his turf.
56
Even if you can’t get his license revoked, as the very least make a stand in his turf.
v. 撤销，取消，废除
57
as the very least make a stand in his turf.
在他地盤拿回這個彩 n. 草皮；泥炭；地盘，势力范围；赛马场，跑马场 vt. 用草皮覆盖；抛出；扔掉；赶走
58
n. 草皮；泥炭；地盘，势力范围；赛马场，跑马场 vt. 用草皮覆盖；抛出；扔掉；赶走
turf
59
turf
n. 草皮；泥炭；地盘，势力范围；赛马场，跑马场 vt. 用草皮覆盖；抛出；扔掉；赶走 I know. That’s why I rough that creep up for you. Even if you can’t get his license revoked , as the very least make a stand in his turf.
60
adj. 粗糙的，崎岖不平的；粗鲁的；狂暴的，汹涌的；未经加工的 vt. 粗暴地对待；使粗糙；草拟 n. 粗糙的部分；艰难，苦难；（高尔夫球场的）深草区 adv. 粗暴地 vi. 举止粗野
rough
61
rough
adj. 粗糙的，崎岖不平的；粗鲁的；狂暴的，汹涌的；未经加工的 vt. 粗暴地对待；使粗糙；草拟 n. 粗糙的部分；艰难，苦难；（高尔夫球场的）深草区 adv. 粗暴地 vi. 举止粗野 I know. That’s why I rough that creep up for you.
62
I know. That’s why I rough that creep up for you.
adj. 粗糙的，崎岖不平的；粗鲁的；狂暴的，汹涌的；未经加工的 vt. 粗暴地对待；使粗糙；草拟 n. 粗糙的部分；艰难，苦难；（高尔夫球场的）深草区 adv. 粗暴地 vi. 举止粗野
63
vi. 爬行，匍匐；缓慢地行进 n. 爬行，蠕动；虫爬着似的感觉，毛骨悚然； 卑鄙小人，谄媚者
creep
64
creep
vi. 爬行，匍匐；缓慢地行进 n. 爬行，蠕动；虫爬着似的感觉，毛骨悚然； 卑鄙小人，谄媚者 I know. That’s why I rough that creep up for you.
65
I know. That’s why I rough that creep up for you.
vi. 爬行，匍匐；缓慢地行进 n. 爬行，蠕动；虫爬着似的感觉，毛骨悚然； 卑鄙小人，谄媚者
66
If I intend to drag this out, I won’t be at the hospital.
拖泥帶水
67
拖泥帶水
drag this out
68
drag this out
拖泥帶水 If I intend to drag this out, I won’t be at the hospital.
69
cold turkey
“突然終止某種已經成隱的習慣”，如非法吸毒、酗酒或抽煙等 cold turkey n. Slang 1. Immediate, complete withdrawal from something on which one has become dependent, such as an addictive drug. 2. Blunt language or procedural method. 3. A cold fish
70
“突然終止某種已經成隱的習慣”，如非法吸毒、酗酒或抽煙等 n. Slang 1. Immediate, complete withdrawal from something on which one has become dependent, such as an addictive drug. 2. Blunt language or procedural method. 3. A cold fish
cold turkey I only want to know what kind of relationship they have. You probably think I am a wimp. We’ve been together for so long. She’s like family. I can’t just cut her off cold turkey .
71
I only want to know what kind of relationship they have. You probably think I am a wimp. We’ve been together for so long. She’s like family. I can’t just cut her off cold turkey .
“突然終止某種已經成隱的習慣”，如非法吸毒、酗酒或抽煙等
72
adulterer
n.奸夫，通奸者 Roughing up an adulterer feels just great.
73
n.奸夫，通奸者
adulterer Roughing up an adulterer feels just great.
74
Roughing up an adulterer feels just great.
n.奸夫，通奸者
75
在辦公室收風
catch the wind You should catch the wind around the office instead of recording the wind outside. His last day is the end of the month.
76
You should catch the wind around the office instead of recording the wind outside. His last day is the end of the month.
在辦公室收風
77
catch the wind
在辦公室收風 You should catch the wind around the office instead of recording the wind outside. His last day is the end of the month.
78
sell-out
背信棄義 / 出卖人家的人 Treachery Move over…. he had a meeting with the director this morning. The ratings for his show is dropping and the music he talks about is out. Sam wanted him to play more pop songs. But you know how Dr. Dylan is. He smashed his fist on the table and called Sam a sell-out. You expect him to stay after that?
79
Move over…. he had a meeting with the director this morning. The ratings for his show is dropping and the music he talks about is out. Sam wanted him to play more pop songs. But you know how Dr. Dylan is. He smashed his fist on the table and called Sam a sell-out (treachery ). You expect him to stay after that?
背信棄義 / 出卖人家的人
80
背信棄義 / 出卖人家的人
sell-out Move over…. he had a meeting with the director this morning. The ratings for his show is dropping and the music he talks about is out. Sam wanted him to play more pop songs. But you know how Dr. Dylan is. He smashed his fist on the table and called Sam a sell-out. You expect him to stay after that?
81
treachery
n. 背叛；变节；背叛行为
82
n. 背叛；变节；背叛行为
treachery
83
I smashed my fist on the table not because I think I’m out, but because I’m pissed with Sam’s change.
(angry) 拍台
84
Him? But he’s a snob !
n. 势利小人，势利眼；附庸风雅之徒，假内行
85
n. 势利小人，势利眼；附庸风雅之徒，假内行
snob Him? But he’s a snob !
86
snob
n. 势利小人，势利眼；附庸风雅之徒，假内行 Him? But he’s a snob !
87
Are you saying our problem is so petty?
adj. 不重要的；卑鄙的，小气的；小的，一点点；小规模的 n. [会]小额；佩蒂；厕所 小兒科問題?
88
petty
adj. 不重要的；卑鄙的，小气的；小的，一点点；小规模的 n. [会]小额；佩蒂；厕所 小兒科問題? Are you saying our problem is so petty?
89
小兒科問題?
Petty Are you saying our problem is so petty?
90
起立；竖立；经久耐用；失约
stand up That’s why I stood you up at the movie.
91
stand up
起立；竖立；经久耐用；失约 That’s why I stood you up at the movie.
92
That’s why I stood you up at the movie.
失约
93
messing around
hea I’ve been messing around a lot less. When I first met you, I was much worse, but you didn’t complain.
94
hea
messing around
95
I’ve been messing around a lot less. When I first met you, I was much worse, but you didn’t complain.
hea
96
Then we can cut an album.
出唱片
97
出唱片
cut an album
98
Hey! Don’t jinx us.
n. 厄运，霉运，不祥的人[物] vt. 把厄运带给，使倒霉
99
n. 厄运，霉运，不祥的人[物] vt. 把厄运带给，使倒霉
jinx Hey! Don’t jinx us.
100
jinx
n. 厄运，霉运，不祥的人[物] vt. 把厄运带给，使倒霉 Hey! Don’t jinx us.
101
drag this out
拖泥帶水
102
cold turkey
“突然終止某種已經
成隱的習慣”，如非法吸毒、酗酒或抽
煙等
cold turkey
n. Slang
1. Immediate, complete withdrawal from
something on which one has become
dependent, such as an addictive drug.
2. Blunt language or procedural method.
3. A cold fish
103
Our Japanese
economists see this as the Bank leaving itself leeway to tighten if asset prices should rise
excessively before the 2% inflation target is achieved.
n. （航行由于强风所致的）偏航；余地；时间损失，落后；风压差，风压角
104
Leeway
n. （航行由于强风所致的）偏航；余地；时间损失，落后；风压差，风压角
Our Japanese
economists see this as the Bank leaving itself leeway to tighten if asset prices should rise
excessively before the 2% inflation target is achieved.
105
n. （航行由于强风所致的）偏航；余地；时间损失，落后；风压差，风压角
Leeway
Our Japanese
economists see this as the Bank leaving itself leeway to tighten if asset prices should rise
excessively before the 2% inflation target is achieved.
106
The various techniques used are structured to
incorporate different metrics, including investor sentiment gauges, valuation
trackers, stock trading trends such as seasonality and moving averages plus the
recent addition of the Citi Economic Surprise Index, alongside sell-side EPS
estimate revision trends and fundamental drivers that are analyzed quantitatively to
determine which ones have been important for **_discerning f_**orward relative share
price performance in the past.
adj. 有识别力的；有洞察力的；眼光敏锐的
v. 看见( discern的现在分词)；识别，辨明；觉察出
107
adj. 有识别力的；有洞察力的；眼光敏锐的
v. 看见( discern的现在分词)；识别，辨明；觉察出
discern
The various techniques used are structured to
incorporate different metrics, including investor sentiment gauges, valuation
trackers, stock trading trends such as seasonality and moving averages plus the
recent addition of the Citi Economic Surprise Index, alongside sell-side EPS
estimate revision trends and fundamental drivers that are analyzed quantitatively to
determine which ones have been important for discerning forward relative share
price performance in the past.
108
discern
adj. 有识别力的；有洞察力的；眼光敏锐的
v. 看见( discern的现在分词)；识别，辨明；觉察出
The various techniques used are structured to
incorporate different metrics, including investor sentiment gauges, valuation
trackers, stock trading trends such as seasonality and moving averages plus the
recent addition of the Citi Economic Surprise Index, alongside sell-side EPS
estimate revision trends and fundamental drivers that are analyzed quantitatively to
determine which ones have been important for discerning forward relative share
price performance in the past.
109
So you took it out on someone else.
110
找別人發洩
111
wheezing
喘息，发出呼哧呼哧的喘息声( wheeze 的现在分词 )；
哮鸣
112
喘息，发出呼哧呼哧的喘息声( wheeze 的现在分词 )；
哮鸣
wheezing
113
But your panda eyes told me you didn’t sleep a wink .
PHRASE
无法入睡;
没合一下眼
114
PHRASE
## Footnote
无法入睡;
没合一下眼
But your panda eyes told me you didn’t sleep a wink .
115
squeamish
. 容易呕吐的；
过分拘谨的，
难于取悦的；
娇；娇气
116
. 容易呕吐的；
## Footnote
过分拘谨的，
难于取悦的；
娇；娇气
Squeamish
The doctor was squeamish and gave me a cast..
117
Stop trying to be tough.
118
唔好死撐
Stop trying to be tough.
119
squabble
（为小事而）争
论，吵嘴；搅乱（排好的铅字）
n. 争吵，口角
120
（为小事而）争
论，吵嘴；搅乱（排好的铅字）
n. 争吵，口角
squabble
121
scooter
122
棉羊仔
scooter
123
Yes, this is a booby prize. The booby among us should keep it.
124
n. 呆子，傻瓜；（俚）女人乳房
Yes, this is a booby prize. The booby among us should keep it.
125
n.\<美\>疗养院
126
There was an outbreak of flu virus at the sanitarium and a lockdown for full sanitization.
127
burning question
128
最想問的問題
burning question
129
carcinogen
致癌物質
Soybean oil and roasted peanuts found to contain excessive carcinogen substances
130
致癌物質
131
ratcheting down
推低
The drop in defense spending may not be primarily driven by the looming sequester. Given the way defense spending is reflected in the National Income and Product Accounts (NIPA), it is likely the drop reflects the **ratcheting down** of defense spending that began some time ago.
132
Ratchet down
推低
The drop in defense spending may not be primarily driven by the looming sequester.
Given the way defense spending is reflected in the National Income and Product
Accounts (NIPA), it is likely the drop reflects the ratcheting down of defense spending
that began some time ago.
133
The drop in defense spending may not be primarily driven by the looming sequester.
Given the way defense spending is reflected in the National Income and Product
Accounts (NIPA), it is likely the drop reflects the _ratcheting down_ of defense spending
that began some time ago.
推低
134
Sequestration
Originally a legal term referring generally to the act of valuable property being taken into custody by an agent of the court and locked away for safekeeping, usually to prevent the property from being disposed of or abused before a dispute over its ownership can be resolved. But the term has been adapted by Congress in more recent years to describe a new fiscal policy procedure originally provided for in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985 -- an effort to reform Congressional voting procedures so as to make the size of the Federal government's budget deficit a matter of conscious choice rather than simply the arithmetical outcome of a decentralized appropriations process in which no one ever looked at the cumulative results until it was too late to change them. If the dozen or so appropriation bills passed separately by Congress provide for total government spending in excess of the limits Congress earlier laid down for itself in the annual Budget Resolution, and if Congress cannot agree on ways to cut back the total (or does not pass a new, higher Budget Resolution), then an "automatic" form of spending cutback takes place. This automatic spending cut is what is called "sequestration."
135
The drop in defense spending may not be primarily driven by the looming sequester.
Given the way defense spending is reflected in the National Income and Product
Accounts (NIPA), it is likely the drop reflects the ratcheting down of defense spending
that began some time ago.
136
DVA
A Debt Valuation Adjustment (DVA) is an accounting valuation technique related to how a company handles changes in fixed income securities it has issued. According to FASB 159 (adopted in 2007), firms can recognize market value declines in some debt instruments as earnings. In other words, if the debt decreases in price on the market, by using DVA this can be interpreted as a decrease in liabilities and can therefore be reported as profit.
137
nemesis
n. 公正的惩罚；天罚；不可逃避的惩罚；报应
天谴;报应 The nemesis of a person or thing is a situation, event, or person which causes them to be seriously harmed, especially as a punishment
Gainers were nemesis Samsung (13.1% share, up 540bps share from
2Q12) and Amazon (15.5%, up 600bps).
138
Gainers were _nemesis_ Samsung (13.1% share, up 540bps share from 2Q12) and Amazon (15.5%, up 600bps).
n. 公正的惩罚；天罚；不可逃避的惩罚；报应
天谴;报应 The nemesis of a person or thing is a situation, event, or person which causes them to be seriously harmed, especially as a punishment
139
天谴;报应 The nemesis of a person or thing is a situation, event, or person which causes them to be seriously harmed, especially as a punishment
Nemesis
Gainers were nemesis Samsung (13.1% share, up 540bps share from
2Q12) and Amazon (15.5%, up 600bps).
140
While we ultimately _envision_ a larger overall tablet market than 3rd
party forecasters, we view these tablet trends as supportive of our contrarian neutral
stance on AAPL.
vt. 想像，预见，展望
141
Envision
vt. 想像，预见，展望
While we ultimately envision a larger overall tablet market than 3rd
party forecasters, we view these tablet trends as supportive of our contrarian neutral
stance on AAPL.
142
emanate
vi. 发出，散发；放射；起源
表现出;散发;流露 If a quality emanates from you, or if you emanate a quality, you give people a strong sense that you have that quality.
With the introduction of iPad Mini in
4Q12, Apple’s overall share loss necessarily emanated from 10” iPad.
143
With the introduction of iPad Mini in
4Q12, Apple’s overall share loss necessarily _emanated_ from 10” iPad.
vi. 发出，散发；放射；起源
表现出;散发;流露
If a quality emanates from you, or if you emanate a quality, you give people a strong sense that you have that quality.
144
vi. 发出，散发；放射；起源
emanate
With the introduction of iPad Mini in 4Q12, Apple’s overall share loss necessarily emanated from 10” iPad.
145
vt. 想像，预见，展望
Envision
While we ultimately envision a larger overall tablet market than 3rd
party forecasters, we view these tablet trends as supportive of our contrarian neutral
stance on AAPL.
146
拼修；零件拆用；同型装配
拼修
品牌替换
相斥性
cannibalization
As we have written in previous notes, we feared some degree of _cannibalization_ from Mini’s introduction: indeed, in the US & Japan, sales of 10” iPad declined y/y (1.8% combined),
147
cannibalization
As we have
written in previous notes, we feared some degree of _cannibalization_ from Mini’s
introduction: indeed, in the US & Japan, sales of 10” iPad declined y/y (1.8%
combined),
拼修；零件拆用；同型装配
## Footnote
拼修
品牌替换
相斥性
148
走运；过得好；顺利；成功
fare well
We suspect, however, that the 10”
tablet was not just a victim of the iPad Mini. Several other ~7” tablets fared well in
4Q12 (Samsung Galaxy, Amazon Kindle, Google Nexus), driving a continuing mixshift
to the smaller tablet form factor.
149
We suspect, however, that the 10”
tablet was not just a victim of the iPad Mini. Several other ~7” tablets _fared well_ in
4Q12 (Samsung Galaxy, Amazon Kindle, Google Nexus), driving a continuing mixshift
to the smaller tablet form factor.
150
fare well
走运；过得好；顺利；成功
We suspect, however, that the 10”
tablet was not just a victim of the iPad Mini. Several other ~7” tablets fared well in
4Q12 (Samsung Galaxy, Amazon Kindle, Google Nexus), driving a continuing mixshift
to the smaller tablet form factor.
151
We believe Apple will launch an iPad Mini Retina and a
thinner/lighter iPad5 (both likely _sporting_ newer processors) in 3Q13.
vt.& vi. 炫耀，给人看，玩弄
152
vt.& vi. 炫耀，给人看，玩弄
We believe Apple will launch an iPad Mini Retina and a
thinner/lighter iPad5 (both likely sporting newer processors) in 3Q13.
153
With iPhone5 failing to drive market share gain within smartphones, our
concerns about Apple’s once dominant market position in portable, connected,
compute devices are _stoked_.
2. [俚] 吃; 吞食
154
2. [俚] 吃; 吞食
With iPhone5 failing to drive market share gain within smartphones, our
concerns about Apple’s once dominant market position in portable, connected,
compute devices are stoked.
155
To be sure, this trend is not altogether surprising, but we suspect that
more bullish tablet revenue estimates may need to be _tempered_.
156
n. 性情，脾气；特征；（钢等）回火；怒气
vt. 调和；使回火；锻炼；缓和
vi. 使调和
temper
To be sure, this trend is not altogether surprising, but we suspect that
more bullish tablet revenue estimates may need to be tempered.
157
While a correction to below the average leaves risk, an
adverse change in macro is required to take shares to these levels. While possible,
we _err_ on the side of optimism.
158
combustion
n. 燃烧，烧毁；氧化；骚动
To be fair, should Apple shares track to the worst
case pullback, significant downside exists. We note, however, that these typically
include periods of significant macro _combustion_.
159
n. 燃烧，烧毁；氧化；_骚动_
Combustion
To be fair, should Apple shares track to the worst
case pullback, significant downside exists. We note, however, that these typically
include periods of significant macro combustion.
160
deleterious
adj. 有害的；有毒
Unfortunately, a higher mix of iPad has a deleterious effect on gross margin.
161
adj. 有害的；有毒
deleterious
Unfortunately, a higher mix of iPad has a deleterious effect on gross margin.
162
cadence
n. （声音的）抑扬顿挫；节奏；韵律；调子
New competition
pressures pricing, accelerates product cadence, and can impair branding.
163
n. （声音的）抑扬顿挫；节奏；韵律；调子
New competition
pressures pricing, accelerates product cadence, and can impair branding.
164
nimble
adj. 灵活的；敏捷的；（头脑）思路敏捷的，机智的；机敏的
However, with risks increasing for Apple, we suspect
investor confidence in earnings has suffered; we believe this caps Apple’s P/E
multiple. As a result, we focus on incremental earnings changes, suggesting the
optimal strategy is a more nimble approach to Apple shares, investing in periods of
greatest EPS upside and reducing exposure when estimates show the greatest risk.
165
adj. 灵活的；敏捷的；（头脑）思路敏捷的，机智的；机敏的
166
tantamount
adj.相等的，相当的
This is tantamount to investing in “product cycles,” and while we expect some
investors will bristle at this approach, we believe returns will be optimized employing
this approach in future.
167
adj.相等的，相当的
tantamount
This is tantamount to investing in “product cycles,” and while we expect some
investors will bristle at this approach, we believe returns will be optimized employing
this approach in future.
168
This is tantamount to investing in “product cycles,” and while we expect some
investors will _bristle_ at this approach, we believe returns will be optimized employing
this approach in future.
bristle
VERB 动词充满；满是 If you say that a place or thing bristles with people or with other things, you are emphasizing that it contains a great number of them.
169
VERB 动词充满；满是
bristle
This is tantamount to investing in “product cycles,” and while we expect some
investors will bristle at this approach, we believe returns will be optimized employing
this approach in future.
170
And this share
gain has come in relatively short order (Apple had 0.3% smartphone share in 2007),
underscoring the frenetic cadence of these relatively new markets (and accelerating
their transition to maturity) and possibly the _fleeting_ nature of market share.
adj. 疾驰的，飞逝的；短暂的；_稍纵即逝_；翩
171
adj. 疾驰的，飞逝的；短暂的；稍纵即逝；翩
fleeting
And this share
gain has come in relatively short order (Apple had 0.3% smartphone share in 2007),
underscoring the frenetic cadence of these relatively new markets (and accelerating
their transition to maturity) and possibly the fleeting nature of market share.
172
Although commercialized broadly in handheld gaming in 2004 (Nintendo DS), touch
screen technology hit the _proverbial_ “knee in the curve” coincident with the
proliferation of smartphones.
173
adj. 谚语的；众所周知的，出名的；已成话柄的
174
Although commercialized broadly in handheld gaming in 2004 (Nintendo DS), touch
screen technology hit the proverbial “knee in the curve” coincident with the
_proliferation_ of smartphones.
n. 增殖，分芽繁殖；再育；增生
175
And while the debate rages on about whether tablets are truly a
replacement for notebooks, the data is _irrefutable_: since the introduction of the iPad,
notebook sales have been below seasonal patterns for 9 of 10 quarters.
adj. 无可辩驳的，驳不倒的；确凿；无可争议
176
adj. 无可辩驳的，驳不倒的；确凿；无可争议
And while the debate rages on about whether tablets are truly a
replacement for notebooks, the data is irrefutable: since the introduction of the iPad,
notebook sales have been below seasonal patterns for 9 of 10 quarters.
177
eco-system.
178
For minimal or no cost, the _thriving_ app market is providing consumers with
new use cases for their hardware every day.
179
adj. 兴旺的，旺盛的，繁荣的
v. 兴盛，兴隆( thrive的现在分词 )；长得健壮
For minimal or no cost, the thriving app market is providing consumers with
new use cases for their hardware every day.
180
By Apple’s design (they run
the App business at break-even), the applications market happens largely
outside the purview of the eco-system owner, ensuring a degree of
external creativity and productiveness.
n. （文件等的）范围；眼界；视野；见识
181
n. （文件等的）范围；眼界；视野；见识
182
vt. 下掷，由高处抛下；使提前或突然发生；[气象] 使凝结而下降；[化]使沉淀
vi. [气象]凝结；[化]沉淀；倒落，一头栽下
adj. 仓促行进的，匆促的；轻率的，冲动行事的水蒸气，降水；突然发生的
n. [化]沉淀物；结果，产物
Precipitated
....in 2012 while the slowdown in China, which made less headline news at the start of last year, _precipitated_ a weak commodities market and poorer performance in commodity-linked emerging markets equities.
183
Precipitated
vt. 下掷，由高处抛下；使提前或突然发生；[气象] 使凝结而下降；[化]使沉淀
vi. [气象]凝结；[化]沉淀；倒落，一头栽下
adj. 仓促行进的，匆促的；轻率的，冲动行事的水蒸气，降水；突然发生的
n. [化]沉淀物；结果，产物
....in 2012 while the slowdown in China, which made less headline news at the start of last year, precipitated a weak commodities market and poorer performance in commodity-linked emerging markets equities.
184
scramble
vi. 攀登，爬；争夺，抢夺；（植物）蔓延；[航]紧急起飞
vt. 攀登，爬；把…搅乱；炒（蛋）
n. 攀登；抢夺；混乱；[航]紧急起飞
With several
important European elections taking place in 2013, the political dimension to policy
making — as seen so clearly in the US with the year-end _scramble_ to the edge of
the fiscal cliff — should remain a major factor inhibiting the clear resolution of a
number of structural issues.
185
vi. 攀登，爬；争夺，抢夺；（植物）蔓延；[航]紧急起飞
vt. 攀登，爬；把…搅乱；炒（蛋）
## Footnote
n. 攀登；抢夺；_混乱_；[航]紧急起飞
scramble
With several
important European elections taking place in 2013, the political dimension to policy
making — as seen so clearly in the US with the year-end scramble to the edge of
the fiscal cliff — should remain a major factor inhibiting the clear resolution of a
number of structural issues.
186
inhibiting
v. 抑制；禁止
With several
important European elections taking place in 2013, the political dimension to policy
making — as seen so clearly in the US with the year-end scramble to the edge of
the fiscal cliff — should remain a major factor _inhibiting_ the clear resolution of a
number of structural issues.
187
v. 抑制；禁止
inhibit
With several
important European elections taking place in 2013, the political dimension to policy
making — as seen so clearly in the US with the year-end scramble to the edge of
the fiscal cliff — should remain a major factor inhibiting the clear resolution of a
number of structural issues.
188
goldilocks
A term used to describe the U.S. economy of the mid- and late-1990s as "not too hot, not too cold, but just right." Some economists consider this optimal, and in such situations the government usually decides not to undertake any policy measures to improve macroeconomic performance.
In contrast to the concerns on Europe, our base case assumes that the US will
manage a “_Goldilocks_” policy transition with lower energy and transportation costs
supporting a growing industrial recovery.
189
A term used to describe the U.S. economy of the mid- and late-1990s as "not too hot, not too cold, but just right." Some economists consider this optimal, and in such situations the government usually decides not to undertake any policy measures to improve macroeconomic performance.
Goldilocks
190
nuance
n. 细微差别；细微的表情
[操作]
Around
these views, we discuss some shorter term _nuances_ and amplify some particular
themes in other sections of the report.
191
n. 细微差别；细微的表情
Around
these views, we discuss some shorter term nuances and amplify some particular
themes in other sections of the report.
192
form factor
In computing, the form factor is the specification of a motherboard - the dimensions, power supply type, location of mounting holes, number of ports on the back panel, etc. Specifically, in the IBM PC compatible industry, standard form factors ensure that parts are interchangeable across competing vendors and generations of technology, while in enterprise computing, form factors ensure that server modules fit into existing rackmount systems. Traditionally, the most significant specification is for that of the motherboard, which generally dictates the overall size of the case. Small form factors have been developed and implemented, but further reduction in overall size is hampered by current power supply technology.
As intelligence from PCs propagates into other screen sizes (smartphones,
tablets and smart TV), the PC industry could evolve from a one-device-perperson
era to multiple devices per person. Lenovo will participate in all these
_form factors._
193
impetus
n.动力；促进；势头；声势
China will remain a global powerhouse, with real GDP doubling
every ten years or so and directly accounting for about a third of estimated global
growth in 2013-17. Nevertheless, this impetus will be supplemented by a gradual
but powerful renewed acceleration in US growth.
194
n.动力；促进；势头；声势
China will remain a global powerhouse, with real GDP doubling
every ten years or so and directly accounting for about a third of estimated global
growth in 2013-17. Nevertheless, this impetus will be supplemented by a gradual
but powerful renewed acceleration in US growth.
195
shortfall
n. 缺少；不足之数；亏空
In the euro area and the UK,
real GDP per head will probably remain 3-4% below the 2007 level even in 2017,
with a greater shortfall in many periphery countries — markedly underperforming
versus Japan’s “lost decade”.
196
n. 缺少；不足之数；亏空
shortfall
In the euro area and the UK,
real GDP per head will probably remain 3-4% below the 2007 level even in 2017,
with a greater shortfall in many periphery countries — markedly underperforming
versus Japan’s “lost decade”.
197
not least
尤其是，特别是
There is also a case for expecting equity
returns to be higher than credit returns, at least in a bull market, as we believe the
macro background has probably passed the best point for credit outperformance.
That said, the flow of investor money into credit remains strong, not least because
credit returns exhibit low volatility relative to equities.
198
n. 做法，惯技
modus operandi
We expect large scale asset purchases (LSAPs) by the Fed to be
extended well into 2013, not least because the Fed’s change in modus operandi
from targeting inflation expectations to focusing on the labor market suggests that
the end of this period for accommodation may be further away than markets have
been used to under QE1 or QE2.
199
modus operandi
n. 做法，惯技
We expect large scale asset purchases (LSAPs) by the Fed to be
extended well into 2013, not least because the Fed’s change in modus operandi
from targeting inflation expectations to focusing on the labor market suggests that
the end of this period for accommodation may be further away than markets have
been used to under QE1 or QE2.
200
vi. 求助于或诉诸某事物，采取某手段或方法应急或作为对策
n. 求助，凭借，诉诸；热闹场所，娱乐场，度假胜地；采用的办法；常去，人多，人群
## Footnote
n. 常去；求助[凭借]的对象；度假胜地
resort
Those
where rates were already rock-bottom have resorted to increasingly creative means
to lower borrowing costs even further.
201
resort
vi. 求助于或诉诸某事物，采取某手段或方法应急或作为对策
n. 求助，凭借，诉诸；热闹场所，娱乐场，度假胜地；采用的办法；常去，人多，人群
## Footnote
n. 常去；求助[凭借]的对象；度假胜地
Those
where rates were already rock-bottom have _resorted_ to increasingly creative means
to lower borrowing costs even further.
202
sapping
v. 逐渐削弱（某人[某事物]的力量、活力等）( sap的现在分词 )；逐渐消耗（某人的力量、活力等）；近迫作业；下切
Low interest rates should help to support consumer spending through reduced
mortgage and credit card costs. In addition, by purchasing sovereign debt, QE
policies help to reduce market pressures for governments to pursue growth-sapping
austerity policies.
203
v. 逐渐削弱（某人[某事物]的力量、活力等）( sap的现在分词 )；逐渐消耗（某人的力量、活力等）；近迫作业；下切
sapping
Low interest rates should help to support consumer spending through reduced
mortgage and credit card costs. In addition, by purchasing sovereign debt, QE
policies help to reduce market pressures for governments to pursue growth-_sapping_
austerity policies.
204
prod
n. 刺针，刺棒；刺激，激励vt. 刺激；促使…行动；（用手指或尖物）戳；捅
Amongst these, the US fiscal cliff, the China slowdown and the ongoing EMU crisis
look most obvious. But we can’t help feeling that there is something more
fundamental going on here. The economic outlook is always uncertain at weak
points in the cycle. Nevertheless, low interest rates usually prod CEOs into action.
205
n. 刺针，刺棒；刺激，激励
vt. 刺激；促使…行动；（用手指或尖物）戳；捅
n. 刺针，刺棒；刺激，激励
vt. 刺激；促使…行动；（用手指或尖物）戳；捅
206
mantra
（尤指认为并不正确或只是部分正确的）准则，原则，圭臬
Textbooks suggest that investors should buy equities for growth and bonds for
income. But low rates and QE have turned that traditional mantra on its head.
207
（尤指认为并不正确或只是部分正确的）准则，原则，圭臬
mantra
Textbooks suggest that investors should buy equities for growth and bonds for
income. But low rates and QE have turned that traditional mantra on its head.
208
exacerbate
vt. 使恶化；使加重；激怒
This brings us to a basic observation: companies remain reluctant to expand
because increasingly income-obsessed shareholders don’t want them to. If
anything, ultra-low interest rates have exacerbated this theme. Policymakers should
take note.
209
vt. 使恶化；使加重；激怒
Exacerbate
This brings us to a basic observation: companies remain reluctant to expand
because increasingly income-obsessed shareholders don’t want them to. If
anything, ultra-low interest rates have exacerbated this theme. Policymakers should
take note.
210
presumably
adv. 据推测；大概；可能；想来
In 2011, US companies spent $650 billion on share buybacks and dividends
compared to $580 billion on capex. While this is supportive of share prices, it does
not help other stakeholders who would presumably prefer the capital be spent on
new investments and jobs.
211
adv. 据推测；大概；可能；想来
presumably
In 2011, US companies spent $650 billion on share buybacks and dividends
compared to $580 billion on capex. While this is supportive of share prices, it does
not help other stakeholders who would presumably prefer the capital be spent on
new investments and jobs.
212
rancorous
adj. 怨恨的，满怀恶意的
The DC dialogue may turn more _rancorous_ as March gets closer. While the
battle over the Secretary of Defense appointment has become fairly partisan, the
tone in Washington has been a tad more civil, as the delay on the debt ceiling
passed easily and controversial issues such as immigration found some areas of
common ground.
213
adj. 怨恨的，满怀恶意的
rancorous
The DC dialogue may turn more _rancorous_ as March gets closer. While the
battle over the Secretary of Defense appointment has become fairly partisan, the
tone in Washington has been a tad more civil, as the delay on the debt ceiling
passed easily and controversial issues such as immigration found some areas of
common ground.
214
adj. 党派性的；偏袒的；游击队的
n. 党羽，强硬支持者；游击队员；戟的一种
partisan
The DC dialogue may turn more rancorous as March gets closer. While the
battle over the Secretary of Defense appointment has become fairly _partisan_, the
tone in Washington has been a tad more civil, as the delay on the debt ceiling
passed easily and controversial issues such as immigration found some areas of
common ground.
215
partisan
adj. 党派性的；偏袒的；游击队的
n. 党羽，强硬支持者；游击队员；戟的一种
The DC dialogue may turn more rancorous as March gets closer. While the
battle over the Secretary of Defense appointment has become fairly partisan, the
tone in Washington has been a tad more civil, as the delay on the debt ceiling
passed easily and controversial issues such as immigration found some areas of
common ground.
216
tenor
n. 稳定的进程；要旨；男高音；票据的限期
adj. 男高音的
But the volume and _tenor_ is changing due to sequestration
kicking in and CR expiring in March.
217
n. 稳定的进程；要旨；男高音；票据的限期
adj. 男高音的
tenor
But the volume and tenor is changing due to sequestration
kicking in and CR expiring in March.
218
tenor
n. 稳定的进程；要旨；男高音；票据的限期
adj. 男高音的
But the volume and tenor is changing due to sequestration
kicking in and CR expiring in March.
219
bite the bullet
硬著頭皮
Grillo
suggested his MPs will try to form a government if given the option (which will happen if both Mr
Bersani and Mr Berlusconi have failed to do so first), but it is hard to see the 5SM as a governing force
(none of its MPs have ever been in parliament, let alone in a government) and even harder to see the PD
“bite the bullet” and support such a government.
220
硬著頭皮
Grillo
suggested his MPs will try to form a government if given the option (which will happen if both Mr
Bersani and Mr Berlusconi have failed to do so first), but it is hard to see the 5SM as a governing force
(none of its MPs have ever been in parliament, let alone in a government) and even harder to see the PD
“_bite the bullet_” and support such a government.
221
exotic
1. ADJ-GRADED 能被表示程度的副词或介词词组修饰的形容词具有异国情调的;外来的;奇异的 Something that is exotic is unusual and interesting, usually because it comes from or is related to a distant country.
For me, perhaps the central insight is that the recent crisis, despite its many exotic features, was in fact a classic financial panic--a systemwide run of "hot money" away from assets whose values suddenly became uncertain. In that respect, the crisis was akin to many other financial crises faced by governments and central banks--including that most venerable of central banks, the Bank of England--over the centuries.
222
For me, perhaps the central insight is that the recent crisis, despite its many exotic features, was in fact a classic financial panic--a systemwide run of "hot money" away from assets whose values suddenly became uncertain. In that respect, the crisis was akin to many other financial crises faced by governments and central banks--including that most venerable of central banks, the Bank of England--over the centuries.
1. ADJ-GRADED 能被表示程度的副词或介词词组修饰的形容词具有异国情调的;外来的;奇异的 Something that is exotic is unusual and interesting, usually because it comes from or is related to a distant country.
223
Antreas Artemis complained that authorities rode _roughshod_ over him and his board of directors by moving unilaterally to sell off units of the bank in Greece and planning to hit big depositors to pay for losses.
1. PHRASE 短语欺凌;为所欲为;横行霸道 If you say that someone is riding roughshod over a person or their views, you disapprove of them because they are using their power or authority to do what they want, completely ignoring that person's wishes.
224
roughshod
1. PHRASE 短语欺凌;为所欲为;横行霸道 If you say that someone is riding roughshod over a person or their views, you disapprove of them because they are using their power or authority to do what they want, completely ignoring that person's wishes.
Antreas Artemis complained that authorities rode roughshod over him and his board of directors by moving unilaterally to sell off units of the bank in Greece and planning to hit big depositors to pay for losses.
225
in one fell swoop
短语一下子; 一举
This program offers people the ability to rename large batches of files _in one fell swoop_.
226
一下子; 一举
227
jolt
1. V-ERG 及物/不及物动词（使）震动；（使）摇动；（使）颠簸
2. VERB 动词使震惊；使惊慌；使慌乱不安
The first wave of nuclear
unit restarts, if more than expected, could send a jolt to the LNG market.
228
1. V-ERG 及物/不及物动词（使）震动；（使）摇动；（使）颠簸
## Footnote
2. VERB 动词使震惊；使惊慌；使慌乱不安
jolt
229
Since, for agency (principal-agent) reasons, the cost of internal funding tends to be lower than the cost of all forms of external funding, strong retained earnings will also, _inter alia_, support corporate capital expenditure.
1. PHRASE 短语除了别的以外(还)
230
inter alia
Since, for agency (principal-agent) reasons, the cost of internal funding tends to be lower than the cost of all forms of external funding, strong retained earnings will also, inter alia, support corporate capital expenditure.
231
8. V-ERG 及物/不及物动词(使)(不同想法或行动)协调一致
Among AEs, credit weakness is most intense in parts of the EA, but the diversity
and fragmentation with the currency union is very large, complicating the practice of
a Single Monetary Policy and putting its desirability in question. The ECB is likely to
try to square some of these circles.
232
Among AEs, credit weakness is most intense in parts of the EA, but the diversity
and fragmentation with the currency union is very large, complicating the practice of
a Single Monetary Policy and putting its desirability in question. The ECB is likely to
try to _square_ some of these circles.
233
A _modicum_ of flow of new credit is
needed to oil the wheels of a market economy, even though excessive reliance on
credit to generate growth is a constant danger, and not only in AEs.
QUANT 数量词（尤指好事或值得拥有的事物）少量，一点点
234
QUANT 数量词（尤指好事或值得拥有的事物）少量，一点点
A modicum of flow of new credit is
needed to oil the wheels of a market economy, even though excessive reliance on
credit to generate growth is a constant danger, and not only in AEs.
235
A former president of Oracle Corp. (ORCL), Lane failed to use his extensive experience in enterprise computing to help Hewlett- Packard’s turnaround, and his public _gaffes_ -- including being photographed using an Apple Inc. (AAPL) computer -- also sometimes served as an embarrassment to the company.
1. N-COUNT 可数名词失态；失礼
A gaffe is a stupid or careless mistake, for example when you say or do something that offends or upsets people.
236
1. N-COUNT 可数名词失态；失礼
gaffe
A former president of Oracle Corp. (ORCL), Lane failed to use his extensive experience in enterprise computing to help Hewlett- Packard’s turnaround, and his public gaffes -- including being photographed using an Apple Inc. (AAPL) computer -- also sometimes served as an embarrassment to the company.
237
taint
1. VERB 动词玷污，毁坏，损害，败坏(地位、名誉) If a person or thing is tainted by something bad or undesirable, their status or reputation is harmed because they are associated with it
It has been fascinating to observe the robust
gains in market indices over the past several years even as the "brand" of stocks has
been tainted by two awful 50%+ declines within a decade and a powerful bull run in
bonds that has lasted more than 30 years.
238
1. VERB 动词玷污，毁坏，损害，败坏(地位、名誉)
Taint
It has been fascinating to observe the robust
gains in market indices over the past several years even as the "brand" of stocks has
been _tainted_ by two awful 50%+ declines within a decade and a powerful bull run in
bonds that has lasted more than 30 years.
239
In some ways, the most difficult story of
asset appreciation has been stocks, with many attributing the strength to the Fed,
especially when no one allegedly was buying stocks and investors _arguably_ missed the
earnings recovery.
arguably
1. ADV 副词可论证地;可以说;按理说 You can use arguably when you are stating your opinion or belief, as a way of giving more authority to it
240
## Footnote
1. ADV 副词可论证地;可以说;按理说
arguably
In some ways, the most difficult story of
asset appreciation has been stocks, with many attributing the strength to the Fed,
especially when no one allegedly was buying stocks and investors _arguably_ missed the
earnings recovery.
241
Corporations have been significant stock repurchasers in impressive fashion.
The so-called "de-equitization" theme has continued unabated and actually may have
increased as these buyers of last resort saw opportunity when many investors chose to
ignore the attractive value given the _throes_ of risk aversion.
throe
2. PREP-PHRASE 短语介词正忙于…;处于…困境之中 If you are in the throes of doing or experiencing something, especially something difficult, you are busy doing it or are deeply involved in it
242
2. PREP-PHRASE 短语介词正忙于…;处于…困境之中
If you are in the throes of doing or experiencing something, especially something difficult, you are busy doing it or are deeply involved in it
Corporations have been significant stock repurchasers in impressive fashion.
The so-called "de-equitization" theme has continued unabated and actually may have
increased as these buyers of last resort saw opportunity when many investors chose to
ignore the attractive value given the _throes_ of risk aversion.
243
Fascinatingly, just as
US investors looked for greener _pastures_ abroad, especially in emerging markets over
the past few years, foreign buyers imitated their counterparts by looking for American
bargains.
1. N-VAR 可变名词牧场；牧草地 Pasture is land with grass growing on it for farm animals to eat.
2. PHRASE 短语更好的地方（或工作、条件）；更好的前程 If someone leaves for greener pastures, or in British English pastures new, they leave their job, their home, or the situation they are in for something they think will be much better
244
1. N-VAR 可变名词牧场；牧草地 Pasture is land with grass growing on it for farm animals to eat.
## Footnote
2. PHRASE 短语更好的地方（或工作、条件）；更好的前程 If someone leaves for greener pastures, or in British English pastures new, they leave their job, their home, or the situation they are in for something they think will be much better
Fascinatingly, just as
US investors looked for greener _pastures_ abroad, especially in emerging markets over
the past few years, foreign buyers imitated their counterparts by looking for American
bargains.
245
In some instances, such as income equity
funds, the trend of inflows has been in place for roughly two years and _counting_ since
dividend yields have exceeded cash and bond yields.
counting
1. PREP 介词包括…在内 Not counting a particular thing means not including that thing. Counting a particular thing means including that thing
246
1. PREP 介词包括…在内
Not counting a particular thing means not including that thing. Counting a particular thing means including that thing.
In some instances, such as income equity
funds, the trend of inflows has been in place for roughly two years and counting since
dividend yields have exceeded cash and bond yields.
247
