{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u653f\u5e9c\u7121\u80fd\uff0c\u5e02\u5834\u627e\u6578 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/483260\">\u653f\u5e9c\u7121\u80fd\uff0c\u5e02\u5834\u627e\u6578<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/483260\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u653f\u5e9c\u7121\u80fd\uff0c\u5e02\u5834\u627e\u6578&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime.fortuneinsight.com\/web\/wp-content\/uploads\/2020\/04\/street_with_no_ppl.jpg","thumbnail_width":1600,"thumbnail_height":1062,"description":"\u4e2d\u6e2f\u653f\u5e9c\u6551\u5e02\u901f\u5ea6\u6162\u5f97\u9a5a\u4eba\uff0c\u884c\u5bb6\u7f3a\u9322\uff0c\u5c31\u8981\u5728\u91d1\u878d\u5e02\u5834\u5165\u624b\uff0c\u9032\u884c\u5404\u7a2e\u64cd\u4f5c\u3002\u7ffb\u67e5\u8cc7\u6599\uff0c\u6700\u8fd1\u71b1\u9580\u7684\u8ca1\u6280\u64cd\u4f5c\uff0c\u5927\u81f4\u5206\u70ba\u4ee5\u4e0b\u56db\u985e\uff1a 1.\u505c\u6d3e\u80a1\u606f \u82f1\u570b\u5169\u5927\u9280\u884c\u505c\u6d3e\u80a1\u606f\u8857\u77e5\u5df7\u805e\uff0c\u4f46\u5176\u5be6\u9999\u6e2f\u4e0a\u5e02\u516c\u53f8\u7576\u4e2d\u6709126\u9593\u90fd\u6c7a\u5b9a\u5728\u9996\u5b63\u505c\u6d3e\u80a1\u606f\uff0c\u800c\u5176\u6700\u5c1160%\u7684\u6700\u5927\u92b7\u552e\u4f86\u6e90\u70ba\u4e2d\u570b\uff0c\u53ef\u898b\u5176\u5c0d\u5167\u5730\u696d\u52d9\u975e\u5e38\u4e0d\u6a02\u89c0\uff0c\u9700\u8981\u73fe\u91d1\u5132\u5099\u4ee5\u9632\u842c\u4e00\u3002 2.\u505c\u6b62\u56de\u8cfc \u81ea2008\u5e74\u91d1\u878d\u6d77\u562f\u8d77\uff0c\u57fa\u672c\u4e0a\u6bcf\u9022\u5927\u578b\u80a1\u707d\uff0c\u9032\u884c\u56de\u8cfc\u7684\u9999\u6e2f\u4e0a\u5e02\u516c\u53f8\u4e5f\u6703\u589e\u52a0\uff0c\u4e00\u4f86\u80a1\u50f9\u504f\u4f4e\uff0c\u4e8c\u4f86\u56de\u8cfc\u610f\u5473\u4f01\u696d\u7ba1\u7406\u5c64\u5c0d\u516c\u53f8\u6709\u6b63\u9762\u5c55\u671b\uff0c\u9032\u884c\u56de\u8cfc\u53ef\u4ee5\u5c0d\u5e02\u5834\u6295\u8cc7\u8005\u4f5cpositive signalling\uff0c\u589e\u52a0\u5e02\u5834\u4fe1\u5fc3\uff0c\u5c0d\u80a1\u50f9\u4e00\u822c\u6709\u6b63\u9762\u5f71\u97ff\u3002\u4f46\u6700\u8fd1\u5e7e\u500b\u6708\u5167\u9032\u884c\u56de\u8cfc\u7684\u9999\u6e2f\u4e0a\u5e02\u516c\u53f8\u6578\u91cf\u5c1a\u672a\u589e\u52a0\uff0c\u5f88\u5927\u6a5f\u6703\u662f\u7ba1\u7406\u5c64\u300c\u6436\u73fe\u91d1\u300d\u7dad\u6301\u4f01\u696d\u904b\u4f5c\u6216\u4fdd\u6301\u6d41\u52d5\u6027\uff0c\u9762\u5c0d\u6b66\u6f22\u80ba\u708e\u8b8a\u5f97\u975e\u5e38risk averse\u3002 3.\u80a1\u6b0a\u878d\u8cc7\u589e\u52a0 \u4f01\u696d\u5411\u5916\u878d\u8cc7\u4e00\u822c\u5206\u70ba\u50b5\u5238\u8207\u80a1\u6b0a\u878d\u8cc7\uff08equity financing\uff09\u3002\u5169\u7a2e\u65b9\u6cd5\u90fd\u53ef\u4ee5\u70ba\u4f01\u696d\u63d0\u4f9b\u8cc7\u91d1\uff0c\u4f46\u7576\u7136\u6709\u526f\u4f5c\u7528\u3002\u767c\u50b5\u6703\u63a8\u9ad8\u4f01\u696d\u7684\u69d3\u687f\u6bd4\u7387\uff08leverage ratio\uff09\uff0c\u67d0\u7a0b\u5ea6\u4e0a\u589e\u52a0\u5176\u9055\u7d04\u98a8\u96aa\uff08default risk\uff09\uff0c\u6216\u6703\u4ee4\u8a55\u7d1a\u6a5f\u69cb\u51fa\u624b\u964d\u7d1a\u3002\u800c\u80a1\u6b0a\u878d\u8cc7\u4ea6\u6703\u70ba\u4f01\u696d\u5e36\u4f86negative signal\uff0c\u56e0\u70ba\u767c\u552e\u66f4\u591a\u80a1\u7968\u610f\u5473\u516c\u53f8\u7f3a\u4e4f\u8cc7\u91d1\uff0c\u6709\u6a5f\u6703\u5c0d\u80a1\u50f9\u65bd\u52a0\u58d3\u529b\u3002\u7136\u800c\uff0c\u56db\u6708\u4efd\u7684\u80a1\u7968\u914d\u552e\u984d\u76f8\u7576\u63a5\u8fd1\u672c\u5e74\u4e00\u6708\u7684\u5169\u5e74\u9ad8\u4f4d\uff0c\u7e3d\u503c38\u5104\u7f8e\u5143\u3002\u9999\u6e2f\u5e02\u5834\u53ef\u8b02\u8b8a\u6210\u63d0\u6b3e\u6a5f\u4e86\u3002 4.\u7ba1\u7406\u5c64\u6cbd\u76e4 \u53e3\u88e1\u8aaa\u4e0d\uff0c\u9762\u5c0d\u7d93\u6fdf\u8a98\u56e0\uff0c\u8eab\u9ad4\u5fc5\u5b9a\u5f88\u8aa0\u5be6\u3002\u64daBloomberg\u5831\u5c0e\uff0cMSCI\u4e2d\u570b\u6307\u6578\u4e2d\u7684\u4f01\u696d\u7ba1\u7406\u5c64\u5df2\u7d93\u9023\u7e8c\u4e94\u500b\u6708\u9304\u5f97\u6de8\u80a1\u7968\u6cbd\u51fa\uff0c\u5373\u7d93\u7406\u90fd\u5c0d\u81ea\u5df1\u516c\u53f8\u7f3a\u4e4f\u4fe1\u5fc3\uff0c\u6539\u8b8aasset allocation\u3002 \u6b66\u6f22\u80ba\u708e\u5e36\u4f86\u7684\u7d93\u6fdf\u50b7\u5bb3\uff0c\u5fc5\u5b9a\u8981\u6709economic agent\u627f\u53d7\u3002\u767c\u5c55\u570b\u5bb6\u653f\u5e9c\u591a\u6578\u4ee5stimulus package\u70ba\u4eba\u6c11\u63d0\u4f9b\u7d93\u6fdf\u7de9\u52a9\uff0c\u5c07\u5931\u696d\u7387\u6700\u5c11\u5316\u3002\u5948\u4f55\u4e2d\u570b\u653f\u5e9c\u61c9\u8b8a\u7de9\u6162\uff0c\u6216\u6709\u81ea\u8eab\u7d93\u6fdf\u8a98\u56e0\uff0c\u72a7\u7272\u570b\u6c11\u798f\u5229\uff0c\u800c\u9999\u6e2f\u653f\u6b0a\u5247\u6beb\u7121\u62db\u67b6\u4e4b\u529b\uff0c\u6551\u5e02\u7b56\u7565\u5b8c\u5168\u6c9a\u5f8c\u3002\u4e0a\u5e02\u516c\u53f8\u8981\u4fdd\u547d\uff0c\u5c31\u6709\u9700\u8981\u5728\u8ca1\u91d1\u5e02\u5834\u63d0\u53d6\u6d41\u52d5\u6027\uff0c\u4fdd\u6301\u904b\u4f5c\uff0c\u6700\u7d42\u6295\u8cc7\u8005\u8eab\u53d7\u5176\u5bb3\u3002 \u653f\u5e9c\u7121\u80fd\uff0c\u5546\u754c\u81ea\u6551\uff0c\u80a1\u6c11\u53d7\u5bb3\u3002\u4f60\u9084\u8981\u7e7c\u7e8c\u505a\u6c89\u9ed8\u7684\u5927\u591a\u6578\u55ce\uff1f"}