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The next crash: why this time might not be different
下一场危机:为何这一次未必会有什么不同

Stock markets are not only ignoring the obvious threats, but seem imbued with extreme optimism
股市不仅无视显而易见的威胁,反而似乎充满近乎极端的乐观情绪。

In the autumn of 1929, Irving Fisher, one of the greatest American economists, stated: “Stock prices have reached what looks like a permanently high plateau.” This turned out to be one of the most incorrect forecasts ever made: in short order, US and global stock markets were hit by the Great Crash, which was followed by the Great Depression.

1929年秋,美国最伟大的manbetx20客户端下载 学家之一欧文•费舍尔 (Irving Fisher) 曾断言:“股价已经达到了一个看上去将会永久维持的高原。” 事实证明,这是有史以来最错误的预测之一:不久之后,美国及manbetx app苹果 股市便遭遇“大崩盘”,随后爆发了“大萧条”

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