美联储清算长期以来一直避免在银行破产的情况下出现这一问题,如今一个大型机构倒闭的话就能给金融市场产生相同的利润。
FDIC liquidation has long avoided this problem in the case of bank failures and would now provide the financial market the same benefit when a large institution collapses.
新工具的发明,像是复杂的衍生工具,通过确定风险被更好的定价,更广泛的分配,很可能使得金融市场在长期更加强健。
The creation of new instruments, such as complicated derivatives, probably makes the financial system stronger in the long run, by ensuring risk is better priced and more widely distributed.
典型美国消费者长期滴食不进,步行去他们要去的地方,而且生活的地方没有暖气也没有空调,金融市场能相信这一切吗?
DO the financial markets believe that the typical American consumer is on a permanent fast, walks everywhere and survives without heating or air conditioning?
It emphasizes the long run performance of the stock market, but it's really a general treatise of financial markets.
虽然这本书着重于股票长期投资,但它其实是一本关于金融市场的综合性著作
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