• For example, Microsoft has avoided borrowing any money and they don't believe in debt, so they are not leveraged.

    比如微软从不借款,他们不愿负债,所以没有杠杆性

    耶鲁公开课 - 金融市场课程节选

  • Suppose you are interested in investing in debt of companies, then you as an investor are subject to the problem that you might end up with the worst stuff if you don't watch out.

    假设你有兴趣投资于公司债权,那么作为投资人你会面临这样一个问题,如果不谨慎,投资有可能会血本无归

    耶鲁公开课 - 金融市场课程节选

  • They had to cooperate with other people that they owe a debt to society and that that's expressed in taxation.

    必须与他人合作,所以他们欠社会的,所以要用纳税来还。

    耶鲁公开课 - 公正课程节选

  • This is page 82 in the Hughes edition and the poem is To My Father Milton expresses his debt of gratitude for his father's support.

    在休斯版的82页,诗名是致父亲,弥尔顿在这里表达了对父亲支持的感激。

    耶鲁公开课 - 弥尔顿课程节选

  • It seems to me that the government's hands are rather tied becasue the government has very large deficit, and it's running curly from deficits So something like a third of the governments' revenues in income taxes it takes in go through paid interests on its debt.

    好像政府现在,能力有限,因为庞大的赤字,政府也还在尽量避免,赤字情况,政府通过收入所得税',拿到的钱中1/3都,要拿去还政府欠债的利息。

    普林斯顿公开课 - 国际座谈会课程节选

  • Now, the interest rate in Irving Fisher's world has to equate supply and demand in the market for debt.

    在费雪的理论里,利率必须与,债券市场的供需关系保持平衡

    耶鲁公开课 - 金融市场课程节选

  • It consists of a promise to pay, usually denominated in currency, and there are both long-term and short-term debt instruments.

    是一种付款承诺,通常是货币支付形式,有长期债券,以及短期债券

    耶鲁公开课 - 金融市场课程节选

  • Okay, this one, I believe that there is not a debt to society in the sense that how did these people become wealthy?

    好的,对这个问题,我认为从他们变富的方式来看,他们并不欠社会的?

    耶鲁公开课 - 公正课程节选

  • If debt becomes high relative to their revenue stream then the company is in a riskier situation.

    如果负债与收入高度相关,则公司的风险性很高

    耶鲁公开课 - 金融市场课程节选

  • They became almost worthless because they were investing in subprime debt and the value of the debt collapsed and so these collapsed as well.

    它们变的分文不值,因为它们投资次级债务,而这些债券价格一落千丈,所以这些银行也跟着倒下

    耶鲁公开课 - 金融市场课程节选

  • 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

  • There are not only debt instruments that are payable in currency, but there are also indexed debt instruments that are indexed to the price level so that they give real interest rates.

    债券工具,不仅仅是可以支付的货币手段,还是指数利率工具,以指数的形式表达债券的价格水平,显示出实际利率

    耶鲁公开课 - 金融市场课程节选

  • We call them consols because, in the early 1700s, the British Government issued what they called consols or consolidated debt of the British Crown that paid a certain amount of pound sterling every six months forever.

    我们称之为公债是因为早在十八世纪初,英国政府规定他们称之为英国皇家,统合公债或者联合公债,要求永久性地,每六个月支付一定数量的英镑

    耶鲁公开课 - 金融市场课程节选

  • I would be looking at this--at the debt areas Student: You mentioned about the U.S. dollar falling in value recently. What kind of foreign currency vehicles or trading would you recommend to kind of hedge a bet against a dollar assuming that it continues to fall?

    我会考虑这方面的投资--债务市场方面的机会,学生:你刚才提到美元,最近贬值的问题,那么哪些品种的外汇金融工具,或者外汇交易在你看来可以用来,对冲美元贬值的风险,如果我们假设美元还会将继续贬值?

    耶鲁公开课 - 金融市场课程节选

  • The shortest term debt instrument in the United States is the Federal Funds Rate, which is an overnight rate--one day maturity-- and the longest issued by the Government is a thirty-year government bond, which will be repaid three decades in the future.

    美国最短期的债券,是联邦基金利率,隔夜拆兑,一天到期,而时间最长的国债,是一种三十年期的政府债券,未来三十年才兑现

    耶鲁公开课 - 金融市场课程节选

  • I would be careful and not have all your money invested in stocks. I would look at a lot of these distressed debt--some of the distressed debt that has gone down. I don't know if you understand that but some of the debt that--even bank debt, which is the highest level, I think, has become very cheap.

    我会非常的小心,不会把你们的钱全部都,投在股票上,我会寻找一些,不良债务--一些不良债务的价格已经下跌了,我不知道你们是不是理解这些东西,但一些债务--即使是银行债,它们的保险级别较高,我觉得,价格都已经很便宜了。

    耶鲁公开课 - 金融市场课程节选

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