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财经的基础是信用。当信用可以转让时,便叫做“金融”。一个社会的金融不论怎样衍生,一旦信用成了问题,便不可收拾地要向基础坍缩。所以不可能有脱离了股票市场繁荣的衍生工具市场的繁荣;不可能有脱离企业业绩信心的股票牛市;同样,不可能有脱离了社会稳定的财经增长,亦不可能有“人而无信”的人类社会。仅仅这一个“信”字,便将我们的财经与我们的社会联在一起了。
The foundation of finance is credit. When credit is transferable, it is called “financial”. No matter how derived from a social finance, once credit becomes a problem, it can not be deflated to collapse to the foundation. So it is impossible to have the prosperity of the derivatives market that is free from the prosperity of the stock market; it is impossible to have a stock bull market that is free from the confidence of business performance; and equally, there can be no financial growth that is out of social stability, “Human society. Only this one ”letter" word, will be our financial and our society linked together.