In the meantime, cheap money lets firms undercut rivals but distorts incentives.

与此同时，廉价的资金让企业以低于竞争对手的价格收购，却扭曲了激励机制。

Shop displays advertise cheap money transfers and phone calls to Ghana and Nigeria.

商店里陈列着便宜的钱币兑换广告，可以打到加纳和尼日利亚的公共电话。

Then came Ben Bernanke, the Great Recession, cheap money, and a more user-friendly Fed.

随后是伯南克, 经历大萧条，低息贷款；还有一个更为友好的美联储。

Banks suffer from negative rates they cannot pass on to customers. Cheap money fuels housing bubbles.

银行承受着无法转嫁给客户的负利率。廉价货币助长了房地产泡沫。

There were Republicans who favored tariff reductions and " cheap money."

有共和党人赞成降低关税和“便宜钱” 。

The era of cheap money is over.

廉价货币时代结束了。

So people have gotten comfortable with this idea of cheap money.

所以人们已经习惯了这种便宜钱的想法。

Fifteen years of rock-bottom interest rates and cheap money have created a target-rich environment.

十五年的最低利率和廉价资金创造了一个目标丰富的环境。

They've borrowed record amounts of cheap money, and that's getting more expensive now.

他们借入了创纪录数量的廉价资金，而现在这些资金的成本却越来越高。

Fusion, like other areas of technology, has benefited from the recent period of cheap money.

Fusion 与其他技术领域一样，受益于近期的廉价资金。

Plus, the FT's Katie Martin explains what the end of cheap money means for investors.

英国《金融时报》的凯蒂·马丁 (Katie Martin) 解释了廉价资金的终结对投资者意味着什么。

I mean, it's easy politically because business and the stock market love low rates and cheap money.

我的意思是，这在政治上很容易，因为商业和股市喜欢低利率和廉价资金。

This was a company that came to symbolise the cheap money era that we've just come through.

这家公司象征着我们刚刚经历的廉价货币时代。

Isn't the story, though, Edge, also one about the end of cheap money?

不过，Edge 的故事不也是关于廉价资金终结的故事吗？

And there's a real danger of coming down too far too fast and pumping too much cheap money into the economy.

而且确实存在经济下滑过快过快以及向经济注入过多廉价资金的危险。

A potent cocktail of cheap money and sanctimony fuelled a boom in environmental, social and governance (ESG) investing, during which asset managers and bankers pitched themselves as environmental saviours.

受廉价资金和道貌岸然的强大合力影响，环境、社会和公司治理(ESG)投资走向了繁荣，在此期间，资产管理公司和银行家将自己标榜为环境救世主。

So, there's a lot of cheap money going around stoking people to get into real estate and riskier bonds and riskier assets like stocks.

因此，有大量廉价资金四处流动，促使人们进入房地产和风险较高的债券以及股票等风险较高的资产。

In the absence of cheap money, dealmakers will either sit on their piles of dry-powder or try their luck as judicious conglomerate-managers capable of striking bargains and nurturing businesses.

在没有廉价资金的情况下，交易撮合者要么坐以待毙，要么碰碰运气，成为能够讨价还价和培育企业的明智的企业集团经理。