Thanks. It's about some queries Bill had about the balance sheet I prepared.

谢谢。比尔对我准备产提了些问题。

When these assets fell, so did Three Arrows' balance sheet.

当这些产下跌，Three Arrows 产也随之下跌。

Are you getting good at reading balance sheets and income statements?

你擅长阅读产和利润吗?

And, according to the balance sheet, there's some $600,000 on deposit in various banks.

而且，根据产上反映情况, 我们在各家银行总共有60万美元存款。

Which balance sheet exactly? The one for the last financial year?

具体哪个产呢？去年财务么？

So this is a big piece of the Fed's balance sheet.

因此这占据了美联储产很大一块。

I won't worry about the right-hand side of the balance sheet too much.

我不会太担心产右边部分。

We have essentially interest rates, the balance sheet and forward guidance.

我们基本上只有利率、产和前瞻性指导。

They don't understand the relationship and differences between the balance sheet and the income statement.

他们不了解产和损益之间关系和区别。

And so the Federal reserve balance sheet will now look like this.

因此美联储产如下。

So that means that companies, a lot of them, do have actually pretty healthy balance sheets.

这意味着很多公司产实际上非常健康。

In playing the game, they learn about the interaction of the income statement with the balance sheet.

在玩游戏过程中，人们可以了解收益和产之间互动关系。

It gives them no interest so it has no interest on the right-hand side of their balance sheets.

它不支付利息 所以它产右侧没有利息。

It has cash on its balance- sheet, the balance of a $14bn credit line and has suspended its dividend.

该公司产上有现金，还有140亿美元信贷额度，并已暂停派息。

So far, you're familiar with the balance sheets, hopefully.

到目前为止 希望你们已经熟悉产了。

And the mechanics that they do it by-- let's draw the Fed's balance sheet.

其中机制 我们画一下联储产。

Well, we have a strong balance sheet, and a satisfactory cash flow, but yes we do have our problems.

我们拥有稳健产，以及令人满意现金流，但，我们确实遇到了一些问题。

He said it went against God to concentrate on balance sheets and profits rather than paying a fair wage.

他说工厂只关注收支和利润，不给工人支付合理薪水，这违反了上帝意志。

That matters because when the Fed shrinks its balance sheet, it's literally pulling money out of the economy.

这很重要，因为当美联储缩减产，它实际上在把钱从经济体中抽走。

And so these deals, because they're quite risky, they don't actually like to have on their balance sheets.

所以这些交易，因为风险很大，所以他们并不像喜欢让它们出现在自己产上。