资产应该跌回正常价值，即未来收益的折现值。
Assets would have fallen to their normal worth, the present discounted value of their future returns.
资产是以成本计算，而不是以现值计算的。
在在其他因素不变的情况下，短期利率的降低会减小贴现因子，从而引起资产价格(即未来的现金流入的现值)上升。
Other things being equal, a reduction in short-term interest rates should bump up asset values, because their stream of future earnings is discounted by a smaller factor.
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