Bright sparks like Mr Bookstaber ushered in a revolution that fuelled the boom in financial derivatives and Byzantine “structured products”. The problem, he argues, is that this wizardry has made markets more crisis-prone, not less so. It has done this in two ways: by increasing complexity, and by forging tighter links between various markets and securities, making them dangerously interdependent. As the system has grown more tangled, tougher regulation has only made things worse. Ironically, so too has the ocean of capital sloshing through markets in recent years. This has encouraged ever bigger bets with borrowed money, even though every seasoned investor knows that liquidity is the first thing to disappear when trouble strikes.
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does not become less so 不会成为不那么 ; 不越来越少 ; 不成为比较少
The problem, he argues, is that this wizardry has made markets more crisis-prone, not less so.
问题在于,他论证道,这些技巧使市场更具风险,而不是减少风险。
He was sitting in his armchair, and looked not quite so severe, and much less gloomy.
他坐在扶手椅里,看上去不那么严肃,也不那么阴沉。
If keeping up with the action is not so important, their physical condition is less critical.
如果跟上移动不是那么重要,他们的身体状况就也不那么关键了。
Today there are less than 50. The government has found housing for most but Balbina Desilva and her family were not so lucky.
VOA: standard.2009.08.27
n Alright. So if n is less than or equal to 1, return n. Well that's not right, right?
好吧,如果n小于等于1,它会返回,这里不对,是吧?
So if we lower the synergy here, not only do I contribute less effort, but you know I contribute less effort, and therefore you contribute less effort and so on.
如果我们减少协同参数,不但我会少付出努力,而且你也知道我会少付出努力,因此你也会少付出努力,以此类推
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