We forgot that financial bubbles burst and greed catches up.
我们忘记了金融泡沫破裂了而贪婪又赶上来了。
Yet I did not consider volcanic eruptions, earthquakes, or financial bubbles, simply because none of those seemed likely to precipitate catastrophes.
但我没有考虑火山喷发、地震或者金融泡沫，这只是因为它们没有一个看起来可能是会突然降临的灾难。
Vikram Mansharamani is the author of "Boombustology: Spotting Financial Bubbles Before They Burst." He is a lecturer on financial markets at Yale University.
VikramMansharamani是《繁荣萧条学：聚焦金融泡沫破灭前》的作者，也是耶鲁大学金融市场学的讲师。
For a long time in the past, tens of billions of us Dollars worth of financial derivatives have accumulated, creating financial bubbles of enormous scale.
长期以来形成的数以百万亿美元计的金融衍生品，积聚了巨大的金融泡沫，使美元贬值成为一个必然的历史趋势。
It should not be surprising that when the Fed engineered these financial bubbles, those on the front lines in financial services would be the main beneficiaries.
不要惊讶，当美联储处理金融泡沫，那些在金融一线的人员将是主要的受益者。
The first chapter is divided into three segments to clarify the forming mechanism of financial bubbles from three aspects-system, market environment and speculative instinct.
本章包括三节，着重从制度、市场环境和投机心理三个方面对金融泡沫的形成机理进行分析。
Considering the uncertainty and dissymmetry of information possessed by the financial market, the second segment studies the function of market environment in the forming process of financial bubbles.
第二节考虑金融市场自身所具有的不确定性和信息不对称性等因素，研究市场环境在金融泡沫形成中所起的作用。
But financial history is replete with bubbles and crashes.
但金融的历史是充满泡沫和危机的。
But financial history is littered with bubbles and crashes, demonstrating that extreme events or so-called "fat tails" occur far more often than the bell curve predicts.
但金融史中充斥着泡沫和崩盘，也就是说，极端事件(即所谓的“肥尾”)发生的频率要远大于钟形曲线所预计的。
After so many financial crises in the past 40 years most reasonable people would now accept that bubbles in asset markets can exist.
过去40年发生多次金融危机之后，大多数理性的人开始接受这一观点：金融市场可以有泡沫。
The major additions I made had to do with certain aspects of financial markets, namely counterparty risk, value at risk, and pricing bubbles.
我额外添加了一些主要与金融市场有关的方面，比如交易双方风险，风险值和定价泡沫。
It is far too soon for financial policy to shift towards preventing future bubbles and possible inflation, and away from assuring adequate demand.
现在就把金融政策从确保充足需求转向防止未来的泡沫和可能出现的通胀，还为时太早。
But the real puzzle here was not the existence of these two bubbles but the fact that the first burst with minor consequences while the second provoked a financial bloodbath.
但真正的谜题，并不在于这两个泡沫存在与否，而是为何第一个泡沫破灭时影响甚微，而第二个泡沫破灭时金融业血流成河。
It is easy to agree on the facts - increased leverage and asset bubbles in many economies, as well as serious errors made at the top of huge financial conglomerates.
对以下事实达成共识很容易：许多经济体出现了杠杆作用增加和资产泡沫，以及大型金融企业的最高管理层犯下了严重错误。
On top of all this, Dodd-Frank gives regulators another new job, of identifying and responding to emerging threats to financial stability, particularly asset bubbles.
在所有这些之上，多德·弗兰克法还给监管者布置了另一项工作，那就是识别并对危及金融市场稳定的苗头做出反应，特别是资产泡沫。
After all, we've just been through two horrible asset bubbles — and busts — in the U.S. and global financial markets.
毕竟，我们刚刚在美国和世界金融市场经历了两次恐怖的资产泡沫，并看着他们破裂。
The period since the Bretton Woods system fell apart has also seen enormous bubbles in asset markets, a huge expansion of the financial sector and a rapid rise in consumer debt.
布雷顿森林体系崩溃以降，巨大的资产泡沫也已形成，金融部门快速扩张，消费者债务呈快速增长。
The bursting of twin bubbles in the stock and real estate markets, accompanied by huge failures of financial institutions and a drop in confidence, has no more recent example than that of the 1930s.
股市和房市两大泡沫相继破裂，大批金融机构倒闭，人们信心衰退，最近一次出现这些情况便是30年代了。
Finally, I discussed bubbles, a topic that is also absent from most financial textbooks.
最后，我来讲讲泡沫问题，这也在绝大多数的金融课本中是遗漏的。
Finally, I discussed bubbles, a topic that is also absent from most financial textbooks.
最后，我来讲讲泡沫问题，这也在绝大多数的金融课本中是遗漏的。
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