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.. So for most people it was prohibitively-- We're talking in today's prices, roughly speaking.
所以这会使大多数人望而却步-,我以现在的物价水平做参照，大概而已。
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I've come back from Ecuador and it's a massive shock, you know.
我从厄瓜多尔回来，这里的物价对我来说，是个巨大的冲击。
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Finally, I just want to say that we have also a kind of bond called an indexed bond, which is a bond whose coupons are indexed to inflation.
最后一点是,一种叫物价指数债券的债券,这种债券的票息被通胀指数化了
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I mean, in general, London is a bit expensive, I think.
整体上来说，伦敦的物价有点高，我觉得。
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Mainly for the reasons that, you know, Manhattan is very expensive.
主要是因为曼哈顿的物价太贵了。
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And I think because there's such a high cost of living,
而且我认为这里的物价很高，
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because, you know, here, everything is kind of expensive.
因为这里的物价太贵了。
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So, if you bought a newspaper it would be only two sheets because it was so expensive-- not all the thick paper that we have today-- and it would cost something like $10 or $20 in today's prices.
你要是在当时买报纸的话,恐怕只有两页纸,因为纸实在是太贵了-,而且我们现在用的那种厚纸很少见-,按照今天的物价水平,大概需要10至20美元。
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In my final slide is a picture of the first indexed bond; this is issued by the State of Massachusetts I actually own this bond.
最后一张幻灯片是,第一支物价指数债券的照片,这是麻省州政府发行的,其实我收藏了这张债券
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It says the price index contained this amount of beef, this amount of sheep wool, this amount of sole leather, and this amount of corn; that was the first consumer price index ever used for financial contracts.
指数中包括这些数量的牛肉,这些数量的羊毛,这些数量的鞋底皮,这些数量的玉米,这是在金融合约里出现的,第一个消费者物价指数
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What about the price range here?
这里的物价是什么水平？
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We now have something else called the Consumer Price Index.
而我们现在有了所谓的,消费者物价指数CPI
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