After that I want to talk about the stock market and I want to--there's a lot to talk about.

在后面我会讲到股票市场,我会讲到很多知识

耶鲁公开课 - 金融市场课程节选

I think the 2001--if you want to have a story about it the 2001 recession was caused by the end of the stock market boom.

我认为2001年-如果你想听听它的故事,2001年的经济衰退时由于,股票市场繁荣昌盛的结束引发的。

耶鲁公开课 - 金融市场课程节选

In the 1920s, a lot of bogus stuff was sold -a lot of people were cheated -so after the stock market crash of 1929, it led to a movement for regulation.

在上世纪20年代,很多不合规的股票流入市场,很多人受骗,所以1929年的股市大崩盘,促使政府采取了一系列加强金融监管的行动

耶鲁公开课 - 金融市场课程节选

We had an extraordinarily high price-to-earnings ratio representing a lot of optimism in the '20s for the stock market and then it corrected and went abruptly downward-- that was The Great Depression.

在二十年代,市盈率高得离奇,表现了当时人们对股票市场的乐观,当其得到修正并突然下跌时,大萧条便开始了

耶鲁公开课 - 金融市场课程节选

The other thing that I mentioned last time was that there seems to be a really big difference between the expected return on the stock market and the expected return on short-term debt.

上节课提到的另一条内容是,股票市场的预期收益,与短期债券的预期收益,存在着巨大差异

耶鲁公开课 - 金融市场课程节选

The value of real estate in the United States today is -of real estate owned by households directly -is about twenty trillion dollars, which makes it comparable or maybe a little bit bigger than the stock market.

现今美国房地产的价值,也就是居民直接持有的房地产的价值,大概有20万亿美元,这与股票市场总值相当,可能还要更大一点

耶鲁公开课 - 金融市场课程节选