However, the stagflationary challenge requires a different toolkit that borrows from the past and also involves new tricks.

然而，应对滞胀挑需要一套不同工具，一套既借鉴过去，也包含新工具。

No, I am too young to remember the last stagflationary event.

不，我太年轻了，对上一次滞胀事件没有记。

The stagflationary shock would carry echoes of the Yom Kippur war of 1973, which sparked the first of the two energy crises of that decade.

滞胀冲击会让人想起1973年赎罪日，那引发了那十年中两次能源危机中第一次。

Best of all for an investor fearing high inflation and low growth, commodity futures had an average excess return of 10% in stagflationary years.

对于担心高通胀和低增长投资者来说， 最重要是，商品期货在滞胀年份平均超额回报率为 10%。

All we can say for sure is that the last couple of weeks has had a stagflationary flavour to it, and that's just not what you wanna see.

我们唯一能确定是， 过去几周呈现出滞胀特征，而这正是你最不愿看到。