"There seems to be a predominance of short-term thinking at the expense of long-term investing," said Commissioner Daniel Gallagher of the US Securities and Exchange Commission in a speech this week.

本周，美国证交会委员丹尼尔·加拉格尔在一次演讲中表示：“短线思维似乎已占据主导地位 ，其代价是长期投资受损。”

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The short-term effect is an appreciation of real exchange rates and soaring current account deficits in destination countries.

其短期影响是，目的国实际汇率上升，经常账户赤字大幅增长。

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Following the data release, short term market interest rates shot up almost 2%, while share prices on the Shanghai stock exchange fell 3%.

通过数据显示，短期内市场利率上涨了将近2%，同时上海证券交易所的股票价格却下跌了3%。

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Those at the bottom make a short-term exchange of cash for labour.

ECONOMIST: Classification

The system has encouraged workers to suppress short-term demands in exchange for a share in the longer-term benefits of growth.

ECONOMIST: Europe isn��t working

He believes the nation would be best served by a short, sharp, electric-shock-therapy approach, enduring the short-term pain of austerity in exchange for the long-term gains derived from being part of a better European economy.

BBC: Netherlands election analysis: Dutch show faith in Europe