来自《耶鲁大学开放课程：金融市场 第25集 第25集》

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  to the workings of the financial system.
  金融系统运作的内部产生的
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  If one thinks about the three most recent instances
  如果想知道最近
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  of cyclical fluctuation in the United States,
  有关美国经济周期性波动的例子
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  the 1990, 1992 case can be debated.
  可以讨论1990年和1992年的案例
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  There was an oil shock;
  当时发生了石油危机
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  there had been some tightening of monetary policy,
  并伴随紧缩的货币政策
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  but I think most observers would assign dominant influence
  但是我认为大多数观察者会将主要原因归于
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  to the problems in the financial system associated with the S & L's
  与储蓄贷款协会相关的金融系统
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  and the over extension of banks in real estate lending.
  以及银行在房地产信贷上的过度扩张等问题
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  There's no question that almost any close watcher,
  毫无疑问 当任何一个经济观察家被问及
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  if asked to say, what was the 2001 recession about,
  2001年的衰退是怎么一回事
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  they would say bursting of the technology bubble.
  他们也许会说是科技泡沫的破灭