A bad research report is not really a report but a deceptive marketing tool that lacks details but contains plenty of overstatements.

糟糕的研究报告不是真正的报告，只是一种欺骗性的市场工具，缺乏细节又言过其实。

We should consider the types of overstatements or understatement error that are likely to occur given the inherent risks of the cycle.

在周期内各种内在风险固定的情况下，我们应该考虑可能出现的各种类型的夸大或保守性错误陈述。