Unlimited leverage comes automatically with an option exchange. And derivative trading which made the option exchanges look like a benign event.
期权交易与无限杠杆率是与生俱来的,而且金融衍生品交易使得,期权交易看似有益。
It looked like aristocracy coming back in the form of rich financial successes and we don't like that.
看上去就像贵族制度卷土重来了,只是这次披上了,财富与金融的外衣,所以我们不喜欢这种事情
Let me mention a few administration economic proposals, all couched in terms of controlling cost and spurring growth, all linked in one way or another to the economic crisis that was started during the housing bust.
让我们谈谈,政府的一些经济策略,全都归于,控制成本和刺激增长的名下,全部都与,金融危机有关,都是在房产市场萧条时出台的。
We'll talk more about this very interesting situation It ties in so many aspects of financial market.
以后会就这个有趣的现象加以讨论,因为它与金融市场的方方面面息息相关
I want to reiterate again that that's not the way I view the field at all.
我想重申一下,我对金融界的看法与他们截然不同。
That's the thing about the real world and finance is very much about the real world.
这就是现实社会,而金融也与现实息息相关
Finance usually means the private sector, but the issues are much the same in both cases.
虽然金融通常意味着与私营企业相关,但两者所言之金融,在很大程度上是相同的。
The division is what hampered regulators from dealing with the financial subprime crisis.
监管机构正是用来约束那些调控者,以防其与金融次贷有染的。
Our previous lecture was about behavioral finance and it was about human failings.
上节课讲的是行为金融学,它与人性弱点有关
Financial markets similar to ours are being set up in many places.
很多地区都建立了与我们类似的金融市场制度
Public finance is the financial issues relating to governments.
公共财政涉及的是与政府相关的,金融事件。
Again, I'm repeating a theme that is in my book, New Financial Order, that financial innovation and insurance innovation is a succession of inventions and each invention propels the idea more forward.
我要再一次强调我的《金融新秩序》,这本著作的主题之一就是,金融创新与保险创新,是前后相继的一系列创新活动,每一步创新都推动着保险理论向前发展
It also relates to behavioral finance.
这也与跟行为金融学有关
A theme of that book was that-- I've already said this to you, but it's a very important point-- financial technology is evolving and improving just the way engineering technology or biochemical technology is improving.
这本书的其中一个主题是...,尽管已经提过,但这非常重要,我想强调一下...,就是金融技术的演进过程,与工程技术或生物技术,的演进过程并无二致
We have to understand--in understanding the progress of financial technology-- is its fundamental relation to information technology.
我们需要了解...,理解金融技术演进的过程中,与信息技术之间的基本关系
If you look at the list of the richest people, they're all connected to finance, right?
如果你看一下财富排行榜的话,他们都与金融有或多或少的联系,对吧
So the way this course is divided up is different than the Financial Theory course.
这门课程的划分,与另一科目"金融理论"不一样
They understand something about human nature and how human nature interacts with our institutions.
他们深谙人性,明白我们的金融机构如何与之互动
If some of the things they predict don't come true, the theory has to be disregarded and there are many, many, many counter examples to financial market efficiencies.
如果预测的一些事情并没有成为现实,那么这些理论就会被摒弃而且我们也有很多,很多,与金融市场有效论相反的例子。
There is a whole array of other information related to finance.
其实很多其他学科与金融学都密切相关
Just about any human endeavor involves finance.
因为任何人类行为都能与金融沾上些关系
One is that -there's a literature in finance about options and stock price performance, which goes back ten years, that shows that something is not quite right with the way companies issue options.
其中之一是,有一部关于期权与股票价格表现,的金融文献,讲述的是十年前,关于公司发行期权的,一些不太正确的做法
So many of our financial institutions were created in the 1930s because that was a time when everything was being shaken up and it was a time when people were willing to consider something really different.
由于大萧条时期的动荡,和对人们生活的冲击,人们便愿意想一些与以往不同的东西,所以自那时之后,大量的金融衍生工具如雨后春笋般的出现了。
.. The problem is again the ideal-- they're trying to work toward what I think of an ideal that we see in finance-- 1 mainly, the perfect correlation of consumption and the elimination of risk--we all help each other.
问题又回到了理想-,他们为之奋斗的这种理想状态,如果用金融学的理念来解读-,就是消费与风险消除的相关系数为,即完全正相关,所有人都互助互利。
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