A virtuous cycle is a loop in which one good outcome causes another, which then reinforces the first. The opposite is a vicious cycle.
良性循环
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| 4% | Why a $2 trillion deficit and 5% Treasury yields are becoming America’s biggest economic challenge 良性循环 · 第 7 张术语卡 | Lower deficits → lower yields → a cheaper interest bill → even lower deficits. Bessent's 4% target is built on this hope. 在财政语境里，良性循环的关键是“可信度”：市场相信你真的会削减赤字，长期收益率才会提前下行；如果只是口头承诺，收益率反而可能因为怀疑而上升。所以“可信的承诺”四个字比数字更重要。 |