But Frederik Ducrozet, an ECB-watcher at Pictet Wealth Management, notes that lower interest payments make it easier to loosen fiscal policy.

但是百达资产管理的ECB观察家Frederik Ducrozet注意到较低的利息支付使财政政策更容易放松。

Part of the explanation is that the countries to which manufacturing has been outsourced now emit less carbon themselves, notes Viktoras Kulionis of Pictet Asset Management.

Pictet Asset Management 的 Viktoras Kulionis 指出，部分原因是制造外包的国家现在自身排放的碳更少。

The abrupt manner in which whole groups of species suddenly appear in certain formations, has been urged by several palaeontologists—for instance, by Agassiz, Pictet, and Sedgwick, as a fatal objection to the belief in the transmutation of species.

— 例如阿加西 ( Agassiz) 、 几位古生物学家— 皮克泰 (Pictet) 和塞奇威克 ( Sedgwick) 等古生物学家强烈反对整个物种群突然出现在某些地层中的突然方式， 以此作为对物种演变信念的致命反对。

It is almost superfluous to remark that hardly any fossil-fish are known from south of the equator; and by running through Pictet's Palaeontology it will be seen that very few species are known from several formations in Europe.

几乎不需要说赤道以南的鱼类化石。通过浏览 Pictet 的古生物学， 可以看出在欧洲的几个地层中， 已知的物种很少。