“今天早上市场萧条极了。”一个外汇交易商说道。
'The market is absolutely dead this morning,' said one foreign exchange trader.
购买量的猛增会让萧条已久的建筑业快速地削减库存，支撑房价和建筑业，并且触发房地产市场的一个良性循环。
Construction has been so depressed for so long that a flurry of buying could quickly trim inventories, supporting prices and construction and touching off a virtuous cycle in housing markets.
在一个萧条的市场上卖任何东西，其价格总是被人为地低估。
Selling anything in a distressed market always leads to artificially low prices.
他并不是高兴的主张住房市场泡沫，而是郁闷的表示，他能看到的、唯一能走出萧条的方式就是这样一个泡沫的发生。
He was not cheerfully advocating a housing bubble, but instead he was glumly saying that the only way he could see to get out of the recession would be for such a bubble to occur.
心理学家用一个叫“认知失调”的理论来解释市场繁荣和萧条的持续性，意思是说我们在面临与信仰冲突的时候会感到焦虑，因此，为了减缓这种感觉，我们倾向于相信那些正好支持我们所想的新信息。
Psychologists use a theory known as "cognitive dissonance" to help explain the persistence of booms and busts. It means most of us feel anxious when faced with conflicting beliefs.
另一个趋势是，在当前萧条的市场中让中等的生物技术公司略感希望的是，制药公司现在更倾向全资收购，而不再是代价不菲的合作或授权。
A trend in the past year, especially with the depressed market cap of small to medium biotechs, is the straight acquisition of a company rather than entry into an expensive collaboration or license.
另一个趋势是，在当前萧条的市场中让中等的生物技术公司略感希望的是，制药公司现在更倾向全资收购，而不再是代价不菲的合作或授权。
A trend in the past year, especially with the depressed market cap of small to medium biotechs, is the straight acquisition of a company rather than entry into an expensive collaboration or license.
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