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

So there's a panic in the market for securitized mortgages - and the price is often very low or if it's they're very hard to market and hard to sell.

所以，在市场上,证券化按揭贷款引起了恐慌,并且价格通常很低或者说如果它,他们很那出售而且对市场不利。

耶鲁公开课 - 金融市场课程节选

A managed portfolio, you find somebody you think is really smart and you pay them a fair amount of money and in return they assert that they will pick winners for you, and in fact, you will outperform the stock market.

而代管投资组合就是说，你找一个你觉得很聪明的人,给他们一些钱,然后他们会说一定会帮你选出,赚钱的股票，实际上你会比股市整体表现要好。

麻省理工公开课 - 计算机科学及编程导论课程节选

Just has indicates the New deal, the new deal, most of the key people in new deal were for big government intervention, long before there was a stock market crash.

就像新政所证明的一样，大多数起草新政的关键人物,都赞成大规模政府监管，早在股票市场崩盘之前他们就这样想了。

斯坦福公开课 - 经济学课程节选

The futures contracts were invented in Japan in the 1600s at Osaka and they were developed for the rice market in Japan.

期货交易合同发明于,16世纪的日本大阪,并在日本的大米市场得到发展

耶鲁公开课 - 金融市场课程节选

This is the plot that I created for the second edition of my book, Irrational Exuberance, that shows the real estate market in the United States since 1890.

这是我的书的第二版中,我所撰写的内容之一,"非理性繁荣",那里描述了自1890年以来的,美国的房地产市场

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

But regardless of how you measure it, for a full half-dozen years, in the midst of this bull market, colleges and universities were over-allocated to fixed income relative to where they had been in June of 1987.

但不管你怎么算,整整六年时间,处于牛市之中,大学的基金,由于1987年6月那次崩盘的影响,过度投资于固定收益债券

耶鲁公开课 - 金融市场课程节选