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
20
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://kaotiyun.com/show/xOua777K
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
WhichofthefollowingisNOTtheworkofFrancisBacon?()
Whichofthefollowingisaminimalpair?()
联合国教育、科学及文化组织(简称:联合国教科文组织,英文:UnitedNationsEducationalScientific:andCulturalOrganization,缩写UNESCO)成立于1946年11月,是联合国下属的专门机构之一。
Theexhibition’simportanceliesinits______:curatorshavegatheredadiversearrayofsignificantworksfrommanydifferent
WriteanEnglishessayof250-300wordsdescribingMaslow’shierarchyofhumanneedsandanalyzethismodelwithONEexample.
Globalwarmingwasonceanuncommontermusedbyafewscientistswhoweregrowingconcernedovertheeffectsofdecadesofpoll
Oneimportantoutcomeoftheworkontheexpressionofgenesindevelopingembryosissuretobeknowledgethatcanhelpp
Oneimportantoutcomeoftheworkontheexpressionofgenesindevelopingembryosissuretobeknowledgethatcanhelpp
Inadditiontourgetoconformwhichwegenerateourselves,thereistheexternalpressureofthevariousformalandinformalgr
随机试题
根据苏丹北南《全面和平协议》和苏丹南部地区公投结果,苏丹南方2011年7月9日正式宣告成立南苏丹共和国,定都朱巴。2011年7月14日,通过决议接纳南苏丹共和国为联合国193个会员国的联合国大会是
测定血清清蛋白时临床常规使用的方法是()
普通商业连锁超市销售的乙类非处方药必须( )。
房地产经纪机构依法设立的分支机构,能够(),但不具有法人资格。
A注册会计师负责审计X公司2017年财务报表。注册会计师接受委托前,X公司已经完成2016年存货监盘程序的实施,注册会计师不应该的做法是()。
按照(),金融机构可分为金融调控机构和金融运行机构。
某高档生活小区居住着较多年轻白领女性,她们追求高生活目标,但大多工作繁忙,休息时间较少,往往身心疲惫。要求:假如你是一位妇女社会工作者,请为该生活小区的白领女性们设计一个小组工作方案。
在关系模型中,关于主键,说法正确的是()。
Whattimeisitnow?
InternetdatashowsthatAmericanyoungeradultshavebecometheprimarygroupmadaboutalteringtheirpersonalappearance.Onc
最新回复
(
0
)