NO.PZ202405210200000403
问题如下：
Given Klein’s and Tao’s assessment of the US business cycle, which of the following statements is most likely correct?
选项：
A.Statement 4
B.Statement 5
C.Statement 6
解释：
Based on the
description provided by Klein and Tao, the US is most likely in the late
expansion phase. In late expansion, cyclical assets may underperform while
inflation hedges outperform. Real assets would likely perform well in a period
of higher-than-expected inflation with durable, but weakening, growth. Equity
and low-credit-quality fixed income are cyclical assets and will typically underperform
at this stage of a business cycle, especially over a three-year period as the
economy is likely to transition into the slowdown phase over that time.
为啥不是early expansion 阶段
