In the balmy days before the subprime crisis, “decoupling” suggested emerging markets would be safe from a developed world storm. It turned out the theory was wrong. That has not stopped a new round of decoupling, this time between Europe and the US.
在次贷危机爆发前那些波澜不惊的日子里，“脱钩论”(decoupling)曾认为，新兴市场将不受发达世界风暴的冲击。事实证明，这种理论是错误的。但这并未能阻止一种新“脱钩论”的出现——这一次指的是欧洲和美国脱钩。
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