tailieunhanh - the lexus and the olive tree thomas l friedman phần 9

Dưới đây là một bản dịch thô: Bài hát bắt đầu với điệp khúc "baht của chúng tôi là nổi, baht của chúng tôi là nổi có bao lâu nó sẽ nổi sẽ phụ thuộc vào tình hình xem tình hình đúng cách." Ngân hàng: "Nhìn đây, tất cả mọi người, hôm nay baht của chúng tôi đã được thả nổi." Nông dân: "Hôm qua là một đứa trẻ hai tuổi rơi xuống sông, nhưng không bị chết đuối. Ngân hàng: "Tại sao gì ngăn cản ông khỏi chết đuối?". | IV America and the System When Federal Reserve Chairman Alan Greenspan made his famous comment in early 1997 warning investors in the . stock markets against irrational exuberance because of the way they were pushing up share prices beyond any seemingly rational price -earnings calculations I wrote a column in the form of a letter to Greenspan as though he were an advice doctor at a newspaper. It began like this Dear Dr. Greenspan I have a terrible problem. I m feeling irrationally exuberant about the . stock market and I just can t shake it. I know you ve said irrational exuberance is bad for my health and I ve tried everything Hypnosis. Valium. Short selling. Even rereading your speeches from 1987. But nothing works. Every time I come to Europe or visit Japan I return home itching to invest more in the . market. Please please help me. Sincerely yours Mr. Full E. Invested. I went on to say that I didn t know what the right level of the . stock market should be and believed that if America didn t continue to do the basics of increasing productivity and keeping interest rates and inflation down the stock market would go down just as it had gone up. But the point I wanted to make was that if there was some extra zip in the . markets it was not only because there was plenty of irrational exuberance about the American economy but also because there was some rational exuberance about America as well. Since I spend a great deal of time overseas and away from Wall Street - looking at my country from the outside in - I am constantly exposed to the rational exuberance about America in the rest of the world. This rational exuberance is built on the following logic If you - look at globalization as the dominant international system today and you look at the attributes that both companies and countries need to thrive in this system you have to conclude that America has more assets and fewer liabilities in relation to this system than any other major country. .

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