Kamila M
Junior Member
- Joined
- Dec 20, 2009
- Member Type
- Student or Learner
- Native Language
- Polish
- Home Country
- Poland
- Current Location
- Poland
Please, explain to me or paraphrase the highlighted phrases. I will be very grateful.
1.
However, after the last decade (in which there were two killer secular bear markets with 40 percent–plus peak-to-trough declines), fiduciaries—who, by definition, should be long-term investors—are unwilling to ski the moguls and want smooth runs at a lower speed.
2. One possible outcome is that the demoralized military will fold, accepting Islamists in its ranks, and losing its identity.
3. The collapse of the Copenhagen accord and the continuing onslaught of global-warming deniers may have made a cap-and-trade regime unlikely.
1.
However, after the last decade (in which there were two killer secular bear markets with 40 percent–plus peak-to-trough declines), fiduciaries—who, by definition, should be long-term investors—are unwilling to ski the moguls and want smooth runs at a lower speed.
2. One possible outcome is that the demoralized military will fold, accepting Islamists in its ranks, and losing its identity.
3. The collapse of the Copenhagen accord and the continuing onslaught of global-warming deniers may have made a cap-and-trade regime unlikely.