来自《耶鲁大学开放课程：金融市场 第14集 第14集》
-
do you think that...你是否认为[注 声音太小 无法听出] -
For example,比如说 -
mortgage will have a negative impression?抵押贷款会有消极影响 -
I think that the question is我想这个问题在于 -
whether markets are more apt to overprice versus underprice.市场是更倾向于高估还是低估 -
Whether they're more inefficient when things are going up是在价格上升时还是在价格下降时 -
or when things are going down.市场的无效性会更显著 -
I don't think I have a systemic sort of view.我并没有很系统的观点 -
I mean,我的意思是 -
lately they've been more inefficient,最近的市场显得更无效了 -
in my view,据我观察 -
because the Fed's creating too much money.是因为联储发行了过多的货币