英语翻译Can you explain exactly how you apply the boom/bust theory in financial markets?Let’s take the case of your most famous exploit.How did you take advantage of the sterling英国货币 crisis?Sterling英国货币,as you know,was part of t

英语翻译Can you explain exactly how you apply the boom/bust theory in financial markets?Let’s take the case of your most famous exploit.How did you take advantage of the sterling英国货币 crisis?Sterling英国货币,as you know,was part of t
英语翻译
Can you explain exactly how you apply the boom/bust theory in financial markets?Let’s take the case of your most famous exploit.How did you take advantage of the sterling英国货币 crisis?
Sterling英国货币,as you know,was part of the European Exchange Rate Mechanism(ERM),and that mechanism functioned in a near-equilibrium condition for a fairly long period of time.It was actually a very clever,sophisticated system that allowed for frequent adjustments and the adjustments were not severe enough that speculators like me could make a lot of money out of them.So it was a near-equilibrium system,about as good as an exchange rate mechanism can get.
Then came the reunification of Germany,and the system was thrown into a dynamic disequilibrium.The flaw was that the Bundersbank 联邦银行 played a dual role in the system:it was both the anchor of the ERM an the constitutional protector of the stability of the German currency.
The Ostmark东德马克/deutschemark德国马克 exchange rate had more to do with political objectives than with economic reality?
You have talked about the “joy of going against the herd” what signs do you look for to determine whether it is time to buck the trend?

英语翻译Can you explain exactly how you apply the boom/bust theory in financial markets?Let’s take the case of your most famous exploit.How did you take advantage of the sterling英国货币 crisis?Sterling英国货币,as you know,was part of t
Can you explain exactly how you apply the boom/bust theory in financial markets?Let’s take the case of your most famous exploit.How did you take advantage of the sterling crisis?
你能确切地解释你在金融市场中如何将金融市场繁荣\萧条的理论加以应用吗?让我们来看你最熟悉的例子.你如何利用英镑危机的优势?
Sterling,as you know,was part of the European Exchange Rate Mechanism(ERM),and that mechanism functioned in a near-equilibrium condition for a fairly long period of time.It was actually a very clever,sophisticated system that allowed for frequent adjustments and the adjustments were not severe enough that speculators like me could make a lot of money out of them.So it was a near-equilibrium system,about as good as an exchange rate mechanism can get.
英镑,正如我们所知,是欧洲汇率机制（ERM）的一部分.并且该机制在接近平衡状态运行了相当长的一段时间.它实际上是一个非常灵活而成熟的机制,允许频繁地进行调整,并且调整幅度很小,所以像我这样的投机者也可以利用这些调整挣不少钱.
Then came the reunification of Germany,and the system was thrown into a dynamic disequilibrium.The flaw was that the Bundersbank 联邦银行 played a dual role in the system:it was both the anchor of the ERM an the constitutional protector of the stability of the German currency.
接着德国的重新统一,使得该系统被处于了一个动态不平衡的境地中.问题就在于联邦银行在该系统中扮演了双重角色：ERM的顶梁柱和德国货币稳定的宪法保护者.
The Ostmark东德马克/deutschemark德国马克 exchange rate had more to do with political objectives than with economic reality?
和东德马克\德国马克汇率有关的,更多是政治目的而不是经济现实么?
You have talked about the “joy of going against the herd” what signs do you look for to determine whether it is time to buck the trend?
你谈过“逆羊群效应的好处”,但是你觉得什么可以标志着逆势而动的时间呢?