Then we said, what's the deadest market in the United States?

然后我们问,美国最萧条的市场是哪里

耶鲁公开课 - 金融市场课程节选

We had an extraordinarily high price-to-earnings ratio representing a lot of optimism in the '20s for the stock market and then it corrected and went abruptly downward-- that was The Great Depression.

在二十年代,市盈率高得离奇,表现了当时人们对股票市场的乐观,当其得到修正并突然下跌时,大萧条便开始了

耶鲁公开课 - 金融市场课程节选

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。

斯坦福公开课 - 经济学课程节选

Segment three the Housing bust.

第三章，房地产市场的萧条。

斯坦福公开课 - 经济学课程节选

In other words there was not enough data on these things, in other words, with other conventional mortgages, you have data covering peace and war, prosperity and depression and so forth and you can follow these data back for decades.

换句话说,关于这些新增贷款没有足够数据，换种说法，和其他传统贷款相比，你有和平和战争时期的数据，有市场繁荣和萧条时的数据等等,你可以追述这些数据。

斯坦福公开课 - 经济学课程节选