首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
In the grip of a bubble mentality, we—as investors, consumers and businesses—blithely assumed risk and convinced ourselves it wa
In the grip of a bubble mentality, we—as investors, consumers and businesses—blithely assumed risk and convinced ourselves it wa
admin
2019-02-28
18
问题
In the grip of a bubble mentality, we—as investors, consumers and businesses—blithely assumed risk and convinced ourselves it was perfectly safe to do so. We bought houses with no money down, took on huge amounts of debt and let the booming stock and housing markets perform the heavy lifting of saving. After all, new technologies, securitization and derivatives permitted financial wizards to slice, dice, sell—and, ultimately, banish—any type of risk. But the intellectual scaffolding surrounding that culture of debt and risk has fallen along with the stocks of Citigroup and AIG. And now the Zeitgeist has spun 180 degrees. Squeeze your nickels, slash debt, stop gambling.
【R6】______Those are the $4 trillion questions. Earlier this decade, we transitioned effortlessly from the dotcom bubble to a housing and credit bubble, which suggests a powerful resiliency. But financial trauma can leave deep scar tissue, as it did after the Great Depression.
It’s tempting in this period of contraction to mimic Thoreau, to live simply and deliberately. But if we lose our penchant for gain and risk, we’ll lose some of the essence of what makes us American. Economists warn that if we don’t manage to jolt the economy back to life soon, we run
the risk of repeating Japan’s "lost decade" of the 1990s. Would that be so bad?【R7】______ But America is different. Thanks to our continually rising population, we need significant growth just to maintain our standards of living—and the health of our democracy.
Saving cash and building up reserves is a necessary first step to recovery. But eventually the mountain of cash has to be put to work. Last week’s sharp market rally was certainly a sign—however fleeting it may turn out to be—that investors are putting money to work again.【R8】______
Between 1996 and 2007, according to the Kauffman Foundation, about 0. 3 percent of the adult population started a new business each month, or about 495 ,000 per month.【R9】______In recent years, many new businesses have been financed through retirement savings, second mortgages and credit-card debt. None of those three sources of funding is particularly deep now. Even so, layoffs can prove a powerful spur to entrepreneurship.
The new ethos of thrift, which is as much about efficiency and sustainability as it is about penny-pinching, may have significant commercial applications—beyond green roofs. Startups in wind power and smart-grid technology are still finding sources of funding. Small enterprises that install solar panels and conduct energy audits are expanding.【R10】______
The markets, and the economy as a whole, are continually buffeted by the twin forces of fear and greed. For the past year, fear has clearly had the upper hand. But over time, as fear subsides, our inborn instincts to improve our lot—Adam Smith would call it self-interest—will make a comeback.
A. They, and other businesses, will benefit from measures in the recently passed stimulus package to weatherize homes, and make government buildings more energy-efficient.
B. After all, while Japan endured a prolonged period of slow growth, nobody starved, there was no social unrest in the aging country, and its biggest companies continued to innovate.
C. Until America emerges from its bunker, the global economy—facing its first year of contraction since World War II—is likely to remain moribund.
D. Is this era of thrift a temporary phenomenon? Will we revert to our risk-taking selves as soon as we latch on to the next New, New Thing?
E. But investing during slack times requires a leap of faith. It’s possible that all we need is another bout of enthusiasm to jolt the nation out of its torpor.
F. There’s no reason to think such entrepreneurial activity will decline in this recession, although there are some barriers.
G. Even so, layoffs can prove a powerful spur to entrepreneurship. Last October, Susan Durrett was laid off from her job at a San Francisco-based architecture firm.
【R8】
选项
答案
E
解析
上一句提到投资者们开始重新把钱投入市场,E选项中的investing与上文的investors相呼应,进一步解释在经济衰退时期,投资是需要信心的。
转载请注明原文地址:https://jikaoti.com/ti/aYwUFFFM
本试题收录于:
翻译硕士(翻译硕士英语)题库专业硕士分类
0
翻译硕士(翻译硕士英语)
专业硕士
相关试题推荐
Ingeneral,()languageacquisitionreferstochildren’sdevelopmentoftheirlanguageofthecommunityinwhichachildhas
"Thelettucewaslonelywithouttomatoesandcucumbersforcompany"isanexampleof().
"HehasaservantcalledFriday.""He"inthequotedsentenceisacharacterin().
Pocahomta,aseventeenthcenturyPowhatanIndian,wenttotheJamestowncolonyasherfather’semissary.
Ateighto’clockshelaid______whatevershewasdoingtotellthechildrenastorybeforetheywenttobed.
Afewyearsago,attheheightofthedotcomboom,itwaswidelyassumedthatapublishingrevolution,inwhichtheprintedword
Mergersmaybeeffectedtoreviveorrejuvenatefailingbusinessesbytheinfusionofnewmanagementandpersonnel.
Globalwarmingwasonceanuncommontermusedbyafewscientistswhoweregrowingconcernedovertheeffectsofdecadesofpoll
"Commonlanguage"hereusuallymeansaforeignlanguage,butthesamepointappliesinprinciple______anyencounterwithunfami
Inadditiontourgetoconformwhichwegenerateourselves,thereistheexternalpressureofthevariousformalandinformalgr
随机试题
A.75cmB.85cmC.46cmD.48cmE.40cm1岁时小儿的胸围是
入汤剂宜另煎的药物是
下列哪些案件适用简易程序审理是错误的?
下列关于价值函数的特征,说法正确的是()。I.价值的载体是财富或福利的改变而不是它们的最终状态Ⅱ.价值函数在参照点之上(收益区域)是凹的Ⅲ.价值函数在参照点下(损失区域)是凸的Ⅳ.价值函数对财富变化的态
广交会是目前国内规模最大、层次最高、成交效果最好的,多功能的国际贸易盛会。2006年,第99届广交会出口累计成交额超过300亿美元。据美国的统计资料显示,展会上接触到一个合格的客户后,平均只要给对方打0.8个电话就可以做成买卖,而平时典型的业务销售方式却需
关于不同理论流派的指导方法,下列说法中不正确的是()。
关于职业技能,正确的说法是()
在确定团体目标的准备工作中,团体目标的考虑不包括()。
(1992年)当x→0时,下列四个无穷小量中,哪一个是比其它三个更高阶的无穷小量?()
Nowhereelseintheworld______anybetterfoodthanwhatwehaveservedhere.
最新回复
(
0
)