Lo and behold, their bonds would go up because people had discovered that you might be entitled to par.

你可以发现，他们的债券价格会上升因为人们,已经发现你可能有权以票面价值。

耶鲁公开课 - 金融市场课程节选

And we find there's lots of consumer surplus because the prices are really as low as they ever could be.

并且我们发现有很多消费者剩余,因为价格已经不能再低

耶鲁公开课 - 博弈论课程节选

Now they are falling and in real terms home prices have fallen almost 10% since the peak in 2006.

从2006年房价格最高点算起,现在房价已经,下跌了将近 10%

耶鲁公开课 - 金融市场课程节选

These are the only countries that I've been able to find that have high-quality, repeat sales price indexes going back a hundred years.

只有这三个国家,在100年前就已经出现,优质的重复销售价格指数

耶鲁公开课 - 金融市场课程节选

For companies that we thought had backdated stock options, that we could buy their bonds at what they would trade for without this potential event of default.

对于那些我们认为已经追溯股票期权的公司，我们会在没有潜在违约风险下进行交易的价格,购买他们的债券。

耶鲁公开课 - 金融市场课程节选

We've just hit $100 barrel price of oil, but what does that mean?

石油价格已经到了100美元一桶,这意味着什么呢

耶鲁公开课 - 金融市场课程节选

So rather than go through this again a whole third time, I've gone through it once in quantities and once in prices, I'm going to get you guys to do it this time by having you do it on a homework assignment.

与其从头到尾再做第三遍,我已经从产量和价格角度从头到尾做过了,我将让你们自己,在家庭作业中完成这个工作

耶鲁公开课 - 博弈论课程节选

I would be careful and not have all your money invested in stocks. I would look at a lot of these distressed debt--some of the distressed debt that has gone down. I don't know if you understand that but some of the debt that--even bank debt, which is the highest level, I think, has become very cheap.

我会非常的小心，不会把你们的钱全部都,投在股票上，我会寻找一些,不良债务--一些不良债务的价格已经下跌了,我不知道你们是不是理解这些东西,但一些债务--即使是银行债，它们的保险级别较高，我觉得，价格都已经很便宜了。

耶鲁公开课 - 金融市场课程节选

So I've got this expression for prices here, here it is, and I want to plug it into that P there.

我们之前已经给出了价格的表达式,用它来代换这里的P

耶鲁公开课 - 博弈论课程节选