The Taylor rule specifies specific variables and everybody at the markets would understand the rule, ? and that's correct, right?
像泰勒规则就明确了具体的变量,市场中每一个参与者也都能够理解,这个没错吧?
He is also a PhD candidate in Economics at Yale and he's been doing research on financial markets in developing countries.
他正在耶鲁攻读经济学博士学位,他目前正在研究,发展中国家的金融市场
In this case, we have an example that even markets, human institutions as they are messed up right?
在这种情况下,我们有一个例子即使在市场经济中,他们也是人为的金融机构也会出错,是这样吗?
So during the past 10 years, the market actually changed very quickly, very dramatically.
在过去的十年中,市场变化极其迅速。
When a stock is first listed in the market, it comes with some price.
当股票在市场中出现的时候,它就会有一个价格。
In a perfectly competitive market that's exactly where prices are going to end up.
在完全竞争市场中,这就是最终的市场价格
The American companies have major reach and major power, and a lot of the increase in growth in the fast food industry is happening outside the U.S.
美国公司在快餐工业中占据主要市场份额,获得主要权利,取得较快增长,这种情况在正在美国本土之外发生
The Northern cities, seats of market culture, commercialism, manufacturing, were immigrant cities.
北方的一些城市中,是市场中心的,商业和制造业中心的皆为移民城市
The commune is important in the big Hay Market Affair, the collective memory of the commune in the Hay Market Affair in Chicago and the people hung there in-- when was it--1886.
公社在"干草市场事件"中至关重要,公社的集体记忆在芝加哥"干草市场事件"中,是至关重要的,人们被吊死,时间是...一八八六年
In the more advanced countries, there is more trust in the securities markets, so we don't need this relationship banking as much.
在更加发达的国家中,证券市场拥有更高的信誉,所以我们不需要如此依赖银行
Two, what do you think are the best ways an individual ? investor can make the best return in the market these days?
第二个问题,在现在的形势下,你认为个人投资者,怎样才能从市场中获得最大的收益?
We had a bubble in the stock market in the '90s and it collapsed after 2000 and with that it brought the economy down.
我们在九十年代股票市场中有泡沫,并且它在2000年崩塌了0,这使得经济一度低迷。
The respondents were asked to identify the organization that insures you against losing money in the stock market or as the result of investment fraud.
被调查者被问到是否知晓,在股票市场或者在投资欺诈案中,保护他们的资金不受损失的机构
This is a game in which there are two firms who are competing in the same market, and we'll give a bit more detail in a second.
它讲的是在同一个市场中,只有两家公司互相竞争,稍后我会给出更多的细节
In one model we thought of the firms setting quantities and the market determining prices, and here we have the firms setting prices and the market determining quantities, but the basic underlying economic structure of this is very, very similar.
在前一个模型我们假设公司设定产量,而市场决定价格,在本模型中我们假设公司设定价格,而市场决定产量,但基本的经济结构是非常,非常相似的
So here's the other issue, there's a price in this market, we might want to think of as the kind of focal price as an interesting price, and that's the price at which, the price I would choose were I the monopolist.
另外一个问题是,市场中有一个价格,可以理解为一种焦点价格,一个有趣的价格,这个价格是,我作为垄断企业时所选择的价格
The thing I stressed in my column was the market stability regulator, which is the Fed.
我在我专栏中强调的是,市场稳定性调控者,也就是联邦政府。
Really good poker players play close to their best all the time and they're not really bothered when they lose; I think that's true in markets too.
真正好的玩家,会一直努力玩的更好,但是如果输了,他们也不会真的在意;,我想这种理论在市场中也是适用的。
So, what it means then is that the optimal portfolio should not be the one I show there, but should be one that's very heavily into stocks.
他所想提出的观点是,最佳投资组合并不是我在这讲的那个,而是把大量资金都投资到股票市场中。
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。
And we've been living the history of how to reform the industrializing process, and now the post-industrializing process, ever since our first market revolution we're still living it.
我们那时就已生活在一个,如何改革工业化进程的历史时期中,现在的后工业化进程,其实从第一次市场革命就开始了,到今天仍是如此
So there seems to be some deep wisdom of the market.
所以市场中,蕴藏着深奥的智慧
Where even if you can find somebody who's going to be a first quartile manager, there's almost no difference between the first quartile return and the third quartile return.
即使你能找到一位,一流的经理人,但在债券市场收益中,第一和第三个四分位数之间几乎没有区别
When we were taking 90% of dividends that was 90% of the stock market being taken by the government; but that's not all because we were also taxing the corporations.
当我们从股利中征收90%的税,也就是股票市场收益中的90%都被政府拿走,这还不算完,因为公司获得利润后也要交税
As a matter of fact,if things were perfectly efficiently priced, there wouldn't be any opportunity to generate excess returns and if you make active bets--if you make bets against the market -then whether you win or lose has to do with luck.
事实上,如果资产都是有效定价的,那么根本不可能获得任何超额收益,如果你主动一搏,要从市场中获利,那么无论得失都只能靠运气了
Each firm is going to produce a - c over 3b and there are two such firms.
每家公司的产量是/3b,而且市场中有两家公司
The stock market is the best investment for long-term holders who can just buy and hold through the ups and down of the market."
对于那些能在股票市场的跌宕起伏中,一直持股的长线投资者而言,股票市场是最佳的投资
But the very, sort of, nature of being an institution constrains almost everybody whether it's, in our case, all our investors have thirty-day liquidity.
但是,投资机构的本质在一定程度上束缚了,它所处市场里的每一个人,在我们的案例中,我们所有的投资者都拥有强大的现金流。
They help prevent fraud, misrepresentation, manipulation of information in stocks and bonds.
它帮助人们防止诈骗,虚报和巧妙利用证券股票市场中,信息不对称而牟利等事情的发生。
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