I accepted Martin Wolf’s invitation to “listen to what bond markets are telling us” (Financial Times, 7 September). Unfortunately, I was unable to detect the call to “borrow and spend, please” so audible to Mr Wolf. I took a deep breath and immediately realised what was going on. I might not have been able to hear anything. But I could certainly smell something. I could smell fear.
我同意馬丁•沃爾夫(Martin Wolf)提出的《傾聽債券市場發出的資訊》（參見英國《金融時報》9月7日文章以及FT中文網9月9日同名文章）的建議。不幸的是，我沒能聽到馬丁•沃爾夫所聽到的那種「借錢和消費吧」的呼聲。我深吸了一口氣，馬上意識到發生了什麼。我可能沒能聽到什麼。但我確實能嗅出一些味道——那就是「恐慌」。
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