What's happening is the housing market is dropping, home prices are falling, people are defaulting in record numbers, and there are foreclosures.

房地产市场在衰退,房价在下跌,违约人数破历史纪录,很多贷款买房者取消了赎回权

耶鲁公开课 - 金融市场课程节选

Well,I think one of the questions --the question is how can you successfully invest in a market where,I guess, people say you might catch a falling knife.

其中一个问题,提问是,怎么能够成功地,投资于一个,有所谓抄底行情的市场

耶鲁公开课 - 金融市场课程节选

Banks are in trouble and as you know - they're starting to fail because they the value of their assets in the market is falling rapidly.

银行陷入危机，并且你知道,他们开始破产因为他们,市场中资产的价值,在迅速的降低。

耶鲁公开课 - 金融市场课程节选