Robert Albert ，president of Albert Electronics ，is talking aboutinflation and general financial conditions with his banker ，WilsonHall.
艾伯特电子公司总裁罗伯特·艾伯特正和他的银行职员威尔逊·霍尔在谈论通货膨胀和金融状况。
Albert:I’m really concerned about the general financial situation ，Mr.Hall.
艾伯特：霍尔先生，我对于目前金融价总的状况甚为关切。
We’ve been living with constantly rising prices for too long 。
我们长期在物价不断上涨的情况下生活着，
You would think that the tight money policies that the government has been following would starthaving some effect 。
你大概认为政府所实施的银根紧缩政策已经开始产生一些效果。
Hall:I think they’re starting to work ，Mr.Albert .Interest rates have gone up substantially recently ，
霍 尔：我认为这些政策已经开始生效，艾伯特先生。近来利率已大幅度提高，
and the availability of credit has been sharply curtailed 。
信贷的使用已大大削减。
Unfortunately ，however demand-pull inflation is not our only problem 。
不幸的是，由需求而促成的通货膨胀并不是我们唯一的问题。
A;Yes ，the new problem seems to be cost-push inflation ，or what the economists sometimes callsellers’inflation 。
艾伯特：是的，新的问题似乎是成本促成的通货膨胀，就是经济学家们有时称之为卖方通货膨胀。
H:Exactly .For example ，the rising costs of commodities and energy supplies over which we haveno real control 。
霍 尔：的确如此，譬如说，商品和能源的成本一直不断增加，对此我们没有得到真正的控制。
Fiscal and monetary policies can’t do much to help us deal with this kind of inflation 。
财政和货币政策对于我们解决这类性质的通货膨胀也是爱莫能助。
A:It must be very difficult for you as a banker to try to satisfy your customers during periods likethis 。
艾伯特：处于这样的时期，你作为一个银行家，要想尽力去满足你的顾客们的要求肯定是很困难的。
H:Indeed it is.Tight money policies make it necessary for us to turn down loan requests from manyclients or to increase the downpayment requirements on mortgage and installment loans 。
霍 尔：确实如此。银根紧缩政策使得我们必须拒绝许多客户的贷款要求，或者增加抵押货款和分期贷款的定金。
A:Well，let’s hope we see an improvement soon.People on fixed incomes，particularly retired people，
艾伯特：我们指望着不久将看到情况有所好转。眼下，那些靠固定收入的人们，特别是那些退休的人，
must be having a terrible time making ends meet.
为维持生计一定会碰到不少困难。
