Perhaps the Nobel committee felt that this wasn't really Fama's year, as the fear and panic following the credit crunch threatens the collapse of the entire financial system.

当随信用崩溃而来的恐惧与惊慌很可能导致整个金融系统崩溃的时候，恐怕诺贝尔奖委员会觉得法玛得奖会不那么合时宜。

youdao

Nomura bought the operations of Lehman Brothers Holdings Inc. in Asia, Europe and the Middle East after the global credit crunch caused the Wall Street firm to collapse in September.

在全球信贷危机导致雷曼兄弟控股9月份倒掉之后，野村购买了该华尔街企业在亚洲、欧洲和中东地区的运营。

youdao

The credit crunch had been rumbling on for more than a year but Lehman Brothers' collapse in September was to have a catastrophic impact on confidence.

这场次贷危机已然持续了不知一年，但是去年九月雷曼兄弟的崩溃对市场的信用有着灾难性的打击。

youdao

At the moment astrophysicists are trying to figure out whether the universe will collapse in a big crunch, expand at just the right rate to avoid collapse, or expand very rapidly.

FORBES: The Universe and Mrs. Ferguson

Derivatives created a booming global economy, but they also led to turbulent markets, the credit crunch, the near collapse of the banking system and the economic slump.

FORBES: Black-Scholes Didn't Cause the Financial Crash

But no, in the interest of full transparency, we had Bernanke warning about how the Fed expected still more negative pressure ahead from the housing collapse, worsening labor markets, a credit crunch that may have still more shoes to drop, and revealing that the Fed was also beginning to worry about the potential for rising inflation.

FORBES: Enough With The Fed's Transparency Already