They can't imagine -they don't have the power of imagination to think what the next crisis will be like, so it catches them by surprise.

他们无法想象,他们根本想象不出,下次危机爆发是什么样,所以危机发生时他们措手不及

耶鲁公开课 - 金融市场课程节选

In 1998 there was the Russian default crisis and then there was some seize up of that maybe resembles what is happening now.

998年，俄罗斯拖欠债务危机爆发,那时有一些失灵,那个状况有些像现在发生的状况。

耶鲁公开课 - 金融市场课程节选