当投资者预期价格上涨而买入资产，并在价格涨至顶峰时将资产卖出，这样的投资者即称为“多头者”。

Investors are 'long' when they have bought assets in the hope that prices will rise and that they can sell them when prices have peaked.

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经验结论还表明这一时期货币供给主要是内生决定的，预期价格上涨导致名义货币供给几乎同比例增长。

It is also found that the money supply was endogenous, i. e., it grew with almost the same speed as that of the inflation expectations.

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