后泡沫世界的陷阱

Pitfalls in a post-bubble world

11月6日,以“度势·运筹”为主题的“国际海运（中国）年会2008”在中国大连市隆重召开。中共十七届中央候补委员、辽宁省省长陈政高,交通运输部副部长徐祖远,大连市市委书记张成寅,大连市市长夏德仁,中远集团总裁魏家福出席会议并分别在开幕式上致辞,中远集团党组书记、副总裁张富生主持了开幕式。本届年会共吸引了国际知名专家、全球航运及相关行业的1000余位代表到会。

A year ago,there was barely an inkling of what was about to transpire in world financial markets and the global economy. There were some markets and the global economy. There were some early warning signs that all was not well in the subprime slice of the US mortgage market. But as was the case with the dot-com bubble in early 2000,subprime was widely judged to be of little consequence for the macro story. Denial,one of the most powerful of human emotions,once again had the upper hand. The broad consensus of consumers,business people,policymakers,and politicians ignored simmering problems on the subprime front and believed that the global boom of the preceding five years was very much intact.