short-term capital gains
...的系长期资本利得(long term capital gain)，税率为百分之十至廿，而持有期少于十八个月的短期资本利得(short term capital gain)
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长时间的繁荣将导致过分的风险承担以及“旁氏金融”，投资者用借来的钱购买资产以期获得短期资本利得。
Long booms tended to result in excessive risk-taking and "Ponzi finance", where investors buy assets with borrowed money in the hope of quick capital gains.
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