"If we look at per-capita health expenditure, in the low income countries, it is $22 per capita,"

VOA: standard.2009.05.21

Part of--this is the--it's not loan-to-value ratio-- this is the ratio of mortgage debt to personal consumption expenditure.

这并非贷款价值比率的问题,一定程度上,是抵押率的问题,即负债对个人消费支出的比率

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Now the interesting thing is, the green line here is the expenditure on real estate investment.

有个有趣的情况,绿线代表房地产投资支出

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In the case of energy expenditure, how many calories people were burning, there wasn't quite such a difference, but again, it was in the favor of the individuals, that the people were estimating they burned this many calories from physical activity, but this is actually the number that they burned.

就能量消耗来说,人们消耗了多少卡路里,两者之间的差异并不是如此巨大,但又一次,由于人们的一厢情愿,人们估算从体育活动中,他们消耗了这么多的卡路里,但数据是他们实际消耗的

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You can see that in the early 1950s mortgage debt was only something like 25% of personal consumption expenditure, but now it's up to about 100%.

抵押贷款在20世纪50年代,只占个人消费支出的25%,现在却占到几乎100%

耶鲁公开课 - 金融市场课程节选