财富精英励志演讲 第126期:未来的路(2)

 　　We are at a moment in which the rage of uncertainties¹ is unusually wide. We have just passed through the worst financial crisis since World War Two. It is quantitatively² much larger and qualitatively³ different from other financial crisis. The only relevant comparisons are with the Japanese real estate bubble which burst in 1991 and from which Japan has still not recovered, and with the Great Depression of the 1930s. What differentiates⁴ this crisis from the Japanese experience is that the latter was confined to a single country, while this crisis has involved the entire world. What differentiates it from the Great Depression is that this time the financial system was not allowed to collapse⁵ but was put on artificial life support.

　　在我们这个时期，各种不确定因素无处不在。我们刚刚度过了二战以来最严重的金融危机。危机不仅规模更大，而就其性质而言，也与其他金融危机有所不同。可与之相提并论的只有日本至今依然饱受其害的1991年房地产泡沬破灭，以及20纪30年代的美国经济大萧条。与日本的危机相比， 这次金融危机席卷了整个世界，而前者仅限于一个国家；与大萧条相比，这次危机金融系统没有崩溃，而是依赖生命保障系统来维持。

　　In fact, the magnitude of the credit and leverage⁶ problem we have today is even greater than in the 1930s. In 1929, total credit outstanding in die United States was 160% of GDP and it rose to 250% by 1932; in 2008 we started at 365% — and this calculation does not take into account the pervasive⁷ use of derivatives⁸ which was absent in the 1930s.

　　实际上，我们今天所面临的信贷和杠杆问题比20世纪30年代严重的多。在1929年，美国信贷总额占国内生产总值的160%，1932 年上升至 250%；2008年则高达365%，且这一数据不包括20世纪30年代没有而现在广泛使用的金融衍生品。

1 uncertainties   

无把握( uncertainty的名词复数 )； 不确定； 变化不定； 无把握、不确定的事物

参考例句：

• One of the uncertainties of military duty is that you never know when you might suddenly get posted away. 任军职不稳定的因素之一是你永远不知道什么时候会突然被派往它处。
• Uncertainties affecting peace and development are on the rise. 影响和平与发展的不确定因素在增加。 来自汉英非文学 - 十六大报告

2 quantitatively   

adv.数量上

参考例句：

• With the ease, radiation detectors can be used semi-quantitatively in the field. 使用射线探测器可以很方便地进行野外半定量测定。 来自辞典例句
• In other words, you are to analyze them quantitatively and qualitatively. 换句话说，你们要对它们进行量和质的分析。 来自辞典例句

3 qualitatively   

质量上

参考例句：

• In other words, you are to analyze them quantitatively and qualitatively. 换句话说，你们要对它们进行量和质的分析。
• Electric charge may be detected qualitatively by sprinkling or blowing indicating powders. 静电荷可以用撒布指示粉剂的方法，予以探测。

4 differentiates   

区分，区别，辨别( differentiate的第三人称单数 )； 区别对待； 表明…间的差别，构成…间差别的特征

参考例句：

• This genus of plants differentiates into many species. 这种植物可分为许多种类。
• Our fax machine differentiates between an incoming fax signal and a voice call. 我们的传真机能区分接收传真信号和语音信号。

5 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

6 leverage   

n.力量，影响；杠杆作用，杠杆的力量

参考例句：

• We'll have to use leverage to move this huge rock.我们不得不借助杠杆之力来移动这块巨石。
• He failed in the project because he could gain no leverage. 因为他没有影响力，他的计划失败了。

7 pervasive   

adj.普遍的；遍布的，(到处)弥漫的；渗透性的

参考例句：

• It is the most pervasive compound on earth.它是地球上最普遍的化合物。
• The adverse health effects of car exhaust are pervasive and difficult to measure.汽车尾气对人类健康所构成的有害影响是普遍的，并且难以估算。

8 derivatives   

n.衍生性金融商品；派生物，引出物( derivative的名词复数 )；导数

参考例句：

• Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
• These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句