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Mountains to climb恢复经济困难重重August was a nerve-racking month for the world economy. September and October will be no better八月份的世界经济形势让人胆量尽失。九十月份依然不会好转Sep 3rd 2011 | JACKSON HOLE, WYOMING | from the print editionCENTRAL bankers are not known for seeking solace in the heavens. But at their annual symposium in Jackson Hole, organised by the Federal Reserve Bank of Kansas City, the world’s leading monetary mavens could be found, after dinner, peering enthusiastically into telescopes set up by the local astronomy club. As he spied the M82 galaxy, 12m light-years away, one central banker remarked: “That puts our problems into perspective.”央行行长不是在天空中寻找慰藉的人群。由堪萨斯城联邦储备银行(Federal Reserve Bank of Kansas City)组织，在杰克逊洞(Jackson Hole)召开的全球央行年会上，你可以发现世界顶级的货币专家们在晚餐后，满怀激情地透过当地天文爱好俱乐部搭起来的望远镜观看距地球1200万光年的M82星系。一位银行家说：“这帮助我们全面地看待现有问题。”On the ground, though, those problems are as big as ever. Christine Lagarde, the new managing director of the IMF, voiced a collective sentiment when she said the world economy found itself in a “dangerous new phase”. Things could get riskier still in the coming weeks.然而，回到地球上，经济问题依旧像大山一样盘亘在他们面前。国际货币基金组织(IMF)新任主席克里斯丁?拉加德(Christine Lagarde)感触良多地说，世界经济已经处在“新的危险阶段”。在未来的几周里，经济形势会愈发糟糕。In America, the worry is dashed expectations. The Federal Reserve’s policy-setting committee next meets on September 20th and 21st and has scheduled an extra day’s discussion on its arsenal of unconventional monetary weapons. Wall Street hopes it will mark the onset of “QE3”, another big bout of bond-buying. The mood in Jackson Hole suggested that any action will be modest and incremental.美国担心意外发生。美联储(Federal Reserve)的政策制定委员会准备在9月20日和9月21日召开会议，并安排额外的一天讨论非常规货币政策。华尔街希望这次会议能拉开“第三次量化宽松政策(QE3)”的序幕。央行年会上弥漫的情绪预示着任何行动都是常规、递增的。Many central bankers, including Ben Bernanke, the Fed’s chairman, think it is time for fiscal policy to do more. He gave Congress a scolding at Jackson Hole, arguing that politicians need to address the medium-term fiscal mess while leaving room to cushi