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America’s hegemonic glory is under threat
美国的霸权荣耀面临威胁

Along with excessive ‘guns and butter’ spending, that risk means long-term Treasuries are expensive
格罗斯:除了“大炮与黄油”超额开支以外,这一风险还意味着美国长期国债变得昂贵起来。

The writer is a philanthropist, private investor and co-founder of PimcoVocabulary is a power builder. Every time I use the word “hegemonic” in a conversation, I see my listeners’ eyebrows go up as if to say, “what does this guy know that I don’t?” Then again maybe they’re just signalling that I’m full of more than baked beans. I suspect the latter but either way it creates an impression.

本文作者是慈善家、私人投资者和太平洋投资管理(Pimco)联合创始人

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