You might even see the farmers sometimes who brought the food into market, and that was certainly true in earlier days.
有时候你甚至能在市场看到,农民在贩卖他们的农作物,过去的确是这样的
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?
That means that it's harder to make a market for it, so the dealer wants to charge more.
这意味着,这样的品种市场很小,所以中间商要收取更多的费用
And that leads to a notion of being able to model the market, how?
这样就引出了建立市场模型的概念,怎样建立呢?
We're interested in what's going to happen in these markets.
我们需要研究这样的市场会如何发展
And that's sort of where southeast Asian interests get expressed and in terms of posibility of boarder economic integration in Asia... ? Can Asia emulate what has happened in it itself ? Can there be Asian common market?
这样东南亚各国,才能保证自身利益,同时才有可能,实现亚洲经济更高程度的融合。,亚洲各国能超越从前吗,亚洲统一市场能实现吗?
That's $1 more than it costs now in the market, so the options are worthless unless the price of the stock goes up.
这样每股就要比市场价多花费一美元,除非股票价格增长了,否则这个期权就是没有价值的
The people that believe it have to die and then nobody will believe it anymore.
相信市场有效的人都必须死,这样就再也没有人相信它了。
Lots and lots of loans, the securities that people bought at par that were worth about somewhere between zero and $.15 or $.20 and now trade there.
市场上充斥着越来越多的贷款,人们按照面值购买的债券,真正的价值只有大概,0到0。15或者0。20美元0,而它们就这样进行交易。
Just has indicates the New deal, the new deal, most of the key people in new deal were for big government intervention, long before there was a stock market crash.
就像新政所证明的一样,大多数起草新政的关键人物,都赞成大规模政府监管,早在股票市场崩盘之前他们就这样想了。
All right, so if the other guy is pricing above costs, I want to set prices below his so that I steal the whole of the market and make profits on those sales.
正确,如果对手定价比成本高,我就想定价比他的价格低,这样我就可以占领整个市场,并获得销售利润
Nobody can see the interest rate-- why the interest rate's at the level it is in the market-- because nobody can see all these individuals; but that's why the interest rate gets determined and is in equilibrium.
没有人能知道,为什么市场利率会是现在的结果,因为没有人能知道其他人的想法,但市场利率就是这样确定并达到均衡
So you're going to figure out what happens in this story very generally, well not very generally, but in the particular case actually on the homework assignment, but I want you to understand that there's this much more general story underlying this, and this is a pretty good model of a lot of markets.
所以你们将找出,这样的例子里通常会发生了什么,也说不上太通常,只是在特定情况下,这个家庭作业中,但我想让你们明白,在这例子具有普遍性,且这对很多市场来说都是很好的模型
You can argue that the government, largely in person of Barney Frank messes things up by encouraging Fannie Mae and Freddie Mac to make a market of loans t really have been made in the first place.
您可以说政府,尤指巴尼,弗兰克本人,让事情变得糟糕,他鼓励房利美和房地美,为贷款创造市场,他们实属不应该,they,shouldn’,设计这样的贷款。
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