过度投机

The investors" over-speculation then contributes to the speculative nature of China"s stock market. The above logic can be depicted as following "institutional factors → investors" behavior→ market performance.

由于投资者的过度投机行为直接导致我国股市的高投机性，因此，以上分析体现了"制度→投资者行为→市场结果"这一逻辑脉络。

But as Buttonwood noted two weeks ago, gold can itself be the subject of speculative excess, as it was in 1980: any asset that takes 28 years to reclaim its peak is hardly a reliable store of value.

但是就像Buttonwood两周前指出的，黄金本身也会成为过度投机的目标，就像1980年代所出现的那样。不管怎么说，要用28年才能重新爬回高峰的资产肯定不是可靠的保值工具。

Pointed out that our country should limit excessively congenially, should enhance the boss company quality achievement to suppress the excessively congenial essential measure.

指出我国应限制过度投机，应把提高上司公司质量作为抑制过度投机的关键措施。

In methods and so on debt reorganization cannot solve in the serious loss company's question situation, these companies draw back the city finally, will be the development necessity, will consummate our country To be listed's withdrawal mechanism to be advantageous to the optimization stock market resources deployment; Is advantageous in the introduction superior win and the inferior wash out competitive system, the inferior company sets up the crisis to realize, guarantee To be listed's overall quality; Is helpful in suppresses the Stock market excessively congenially, cultivation mature, rational investor.

在债务重组等手段不能解决严重亏损公司的问题的情况下，这些公司的最终退市，将是发展的必然，完善我国上市公司的退出机制将有利于优化证券市场的资源配置；有利于引入优胜劣汰的竞争机制，劣质公司树立危机意识，保证上市公司的总体质量；有助于抑制股票市场的过度投机，培育成熟、理性的投资者。

As Irving Fisher, a scholar of the Depression, pointed out,"overinvestment and overspeculation…would have far less serious results were they not conducted with borrowed money."

正如一位大萧条的学者Irving Fisher指出的"过度投资和过度投机。。。如果没有用借贷的钱操作，原本不会造成如今严重的后果。"

In the first three decades of the 20th century, he built up an industrial empire founded on the most humble of innovations, the Swedish-made safety match, that lit a fire of speculative excess around the world creating, then burning through, fortunes that would be measured now in the billions.

在20世纪的头三十年，他以最不起眼的发明为基础构造了一个产业帝国，瑞典造的安全火柴，点燃了世界范围了的过度投机，它创造了按现在价值计算可达上十亿的财富，随后又彻底烧毁了它们。

In China, stamp duty has been used as an instrument to adjust and control the capital market.

在我国，证券交易印花税被赋予了调控证券市场和遏制过度投机的重要功能。

At this point in any trade cycle, economics tells us that market imperfection leads to speculative overshoot.

经济学告诉我们，在这个时候，任何贸易周期里不完善的市场都会导致过度投机。

They accelerate the destruction of misplaced activities and overspeculative investment.

它使不当行为和过度投机的投资消失得更快。

In the futures market environment of excessive speculation, because there exists individual risk bias between futures exchange and broker, what's more, they hold different attitudes toward degree of speculation. So the situation results in information rivalry.

在过度投机的市场环境下，由于期货交易所与经纪公司各自的监管取向偏好不同，对影响市场投机信息的把握尺度也迥异，这就在交易所与经纪公司之间产生了信息博弈。

They weren't aggressive, but I yelled and threw a rock in their direction to get them off the trail and away from me, just in case.

他们没有侵略性，但我大喊，并在他们的方向扔石头让他们过的线索，远离我，以防万一。

In slot 2 in your bag put wrapping paper, quantity does not matter in this case.

在你的书包里槽2把包装纸、数量无关紧要。