As the economy deteriorates and more firms trade down towards (or even below) their book value, empire-builders are having to mark down the value of assets they splashed out on in rosier times.

• 随着经济进入衰退，越来越多的公司的市值已经逼近（甚至低于）其账面价值，企业帝国建设者们将不得不减记那些在繁荣时期所涉猎的资产。