【每日阅读训练第四期——速度越障24系列】【24-19】经管 Greenspan

ttlovej

完蛋了 经济类的反而看不懂了

2‘21
2’14
1‘19
3‘05
2’02

连着一整篇一次性看下来的，看着好痛苦，每个词都认得，但是不能理解在说什么。
等我回去再看次T T

lyrsilvia

Article1
housing bubble, not the government responsibility
Fed just control the short term, determine by demand and supply,economy change, market forces, high-tech changes, central bank have little to do,
love economy: fascinating, people behavior, challenge, cannot know the future,

Speed:
Warm up: 1'10.
Introduction about Greenspan.some bad image about him and his policy when he was the chairman of Federal Reserve
Time 2: 2'31
Greenspan earned lots of good reputation. on the surface, it is  quite excellent. he lower the inflation rates, less the depression time. On closer inspection, those achievement is not due to his outstanding work but the whole wold situation and the population growth in US
Time 3: 2'15
two scientists' analysis point out the monetary policy just played a really small role in the better performed economy
proponents see Greenspan's effort to reduce unemployment and reduce inflation rate
but short-term gain came at a long-term cost. it is too soon to applaud Greenspan's record
Time 4: 3'
the quarrel is that..., Greenspan let the bubble burst but not to control the bubble
the reasons why Greenspan chose to wait the bubble burst rather than identify and control it.
Time 5: 2'28
3 arguments to oppose three reasons that Greenspan has offered to explain his not doing anything but wait the bubble burst
Time 6: 3'19
Greenspan's claim is unjustified
some truths not correlate to the Greenspan's claim
Greenspan's claim is not correct

Obstacle: 9'10
Greenspan's exuberance unintentionally encouraged investors's unrealistic expectation, asymmetry is the deepest flaw in Mr Greenspan's policy
Greenspan's past reluctance to tackle asset prices
Mernanke is keen to introduce a formal inflation target.......
没怎么看懂....再回头细细看吧...

hyhy7

3‘00’‘415w
2’42‘’330w
3‘36’‘307w
4’00‘’377w
2‘48’‘379w
最近感觉有点浮躁，沉不下心来。。小分队拉了好几期了。。补起来补起来~

marjoriema

1‘  2'24 2'18  1'52  2'11 2'11
passages are quite good!
obstacles pending!!!

ELLENGONG2012

D5
T2  3`30
The introduction of Mr. Greenspan.
His contributes of US` s economy, respectively ,on the  surface and inside.
Also , there is another condition.
T3  2`49
Mb says greenspan didn’t contribute a lot.
The company of G ,however ,don’t agree with him.
However, the fact is that he has a little wrong.
G 预测dao sth.
T4 2`21
G`s contribution  for states bubble.
G give 3 reasons why the bank don`t agree with his contribution.
T5 3`27
GIVE 3 reasons why there is a confliction.
T6
Some ideas contrary to Mr. greenspan .

victorsky

1 4'05
Greenspan's contribution to American economic is not so huge as it appears.
-Drop in inflation is not greater than average
--Not better than other OECD countries
2 3'18
--Smaller volatility was due to the growing share of services that are less recession prone.
--Though Greenspan may have increased America's potential growth rate,but it brought danger of excessive
monetary growth.
--It's still too early to evaluate contribution of Greenspan.
4 4'21
Mr Greenspan did not restrain the bubble but let it burst by itself.
5 It's not enough to just prevent inflation but need to ensure economic stability
It's not impossible to identify bubbles.
Central banks do not have to be certain they have identified a bubble before they act.
6 4'25
Mr Greenspan's policy was not correct by comparing with the policy and fact in other countries such as Britain and Australia.

obstacle:17'03
Main Point:
Flaw in Greenspan's policy

winnie加油！

warm up 1:13
3:02
3:33
2:50
3:10
2:51
7:54

一小拉Maple

3:40 Greenspan has a rock-star status in America. During his life in FED, Amerca economy seems good. However the macro economy condition is easier for centre banks to conduct economy.
3:28 Greenspan's monetary policies are not so good. But his fans claim that the policies domuch good for America economy. then the author refuse this idea. Then introduce Greenspan's idea that his period in FED is not a good time for preside. The author refuse and claim that it is too early to applause Greenspan.
2:57 Debate on G's monetary policies has long been discussed. The news paper claims that G didn't deal with economic bubles effectively. G give 3 reasons for not taking action to the bubbles.
3:01 refute G's reasons. for his 2nd reason, history shows he already inspect some bubbles.
2:53 G's third reason is unsounded. beyond the inflation, other countries centre banks take actions.

gyb192483

重新回归小分队！
TIME2: 01'48'' ALAN GREENSPAN is at his last few weeks as the president of US federal reseve. He was thought as the greatest chairman of  US federal reseve although the US economy experienced a depression when he took over the position at the begining. But he saved the economy during the 1987 and 2000 stockmarket crash. He helped the EU to come out of the shadow of the economy depression. He is called the goalkeeper because he saved the economy crisis one after another. Duirng his reign, the US economy is stable and raise a little.
TIME3: 01'54'' The Greenpan's fan club claims that his policy not only help to reduce the volatility but also increase growth rate. But the short term is at the cost of the long term. It cause the demand is higher than the supply. Greenpan also experienced the estate bubble and stockmarket bubble. Once house bubble means bad luck. But twice bubble indicates the problem of the policy. It is too early to praise Greenpan
TIME4: 01'28'' Instead of preventing the bubble from inflate, Greenpan let bubble burst. When facing the risiing price of the estate, three factors are checked. 1) the monetary focused on the inflation is the best strategy 2) some may look like a bubble but they are not 3) the inflation afffects the economy like a hammer than a scalpel. That is why Greenpan let the bubble burst
TIME5: 01'54'' The job of central bank is not only to prevent the inflation but also to make sure the economic statbility. The asset inflation also results in the downturn. The central bank should be causitious about the bubble and prepare in advance  in stead of waiting for the burst of the bubble
TIME6: 01'55''  Greenpan 's third argument is also wrong. A lot of europe central banks already start to increase the interest despit of the low inflation.  And it shows that the policy of increasing the interest is good way to  restrain the asset inflation

Obstacle: 06'33''
Main idea: the policy of Greenpan and his own evaluation
Attitude: negtive
Structure:
==>the flaws of Greenpan 's policy is asymmetry
==>Greenpan's policy doesn't deal too much with asset inflation althoug Greenpan is one of the earlirs banker to draw attention on the asset inflation.
==> He denied the nationwide asset inflation
==> Ben Bernanke, his successor believed that the policy should not adjust the interest until the asset inflation is out of the forecast line.
==> Greenpan's fame results from his contraversial policy
==> as a freeman of the London city, Greenpan can enjoy the last moment without considring others

f0070515

占座~~~~

speed
time1 0:56
some information about Greenspan's working experience
time2 2:24
US's economic performance  in Greenspan's magic power
time3 2:06
another to measure American's economic performance
short-term gain came at a long-term cost
two bubble occured during Greenspan's watch
time4 1:53
why Greenspan ignore the bubble
Three main arguments regarding why central banks should ignore asset prices other than their impact on inflation.
time5 2:30
author's respond to these argue
Asset-price inflation can be as harmful as conventional inflation
it is not impossible to identify bubbles
time6 1:29
Contrary to what Mr Greenspan said
obstacle 6:43
central banks have responded to surging house prices in similar ways.
The deepest flaw in Mr Greenspan's policy towards asset prices
low interest rates—may have caused investors to demand less compensation for risk, inflating the prices of assets
Mr Greenspan's pragmatic approach vs. Ben Bernanke's theory
the problems he will leave behind