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我们现在正生活在资产依赖的世界。随着泡沫指标的日益增长,没有清楚地认识资产市场情况和真实经济之间的内在关系,是一个严重的政策错误。
We are now living in a world of asset dependence. With the growing bubble indicators, there is no clear understanding of the intrinsic relationship between asset market conditions and the real economy. This is a serious policy mistake.