But a darker view has taken hold as the labour market started to crack, house price declines have intensified and financial markets deteriorated further until the Feds latest liquidity operation.

• 但随着劳动力市场开始出现问题、房价跌幅加大、金融市场状况进一步恶化，直至美联储最近的流动性行动，一种较为悲观的观点已取代了原有观点。