新视野大学英语（第三版）读写教程3（思政智慧版）空军工程大学编B3U7Unit 7 Text B课文详解.pptx

DetailedStudyoftheTextTextReadingSectionBLanguageFocusEconomicbubbles:Causesandconditions

TextReadingSectionBEconomicbubblesoccurwhen,foranynumberofreasons,excessiveinvestmentincommodities(suchasoil),securities(suchasstocksandbonds),realestate,orcollectiblesdrivesuppriceswellbeyondtheitem’sintrinsicvalue.Theinevitableresultofthisboominpriceisacrashorbust.Thepricefallssharplyonceitbecomesclearthatithasgrownfarbeyondthepurchasingpowerofpotentialcustomers.1Economicbubbles:Causesandconditions

TextReadingSpeculatorsriskmoneyinsuchinvestmentsbecausetheyhopethatthepriceofanassettheypurchasedwillquicklyincrease.Sincemostspeculatorsarenervousaboutwheretheyinvesttheirmoney,bubblesarebynomeansthenorm.Afterall,everyinvestmententailstheriskthatitisoverpriced.Theyalsoknowthatrisingpriceswillencourageeithergreaterproductionofacommodityorgreaterwillingnessofcurrentownerstosell.2SectionBEconomicbubbles:Causesandconditions

TextReadingSectionBEitheroftheseconditionscanserveasa“negativefeedback”mechanismthatadjustspricesdownward.Asananalogy,thinkofnegativeeconomicfeedbacklikeyoureyes.Asthelightgetsbrighter,yourpupilsgetsmallerandletinlesslight.Butwhatif,instead,youreyesworkedasa“positivefeedback”mechanism?Insunlight,yourpupilswouldopenwideanddamageyoureyes.Economicbubbles:Causesandconditions

TextReadingEconomicbubblesoccurwhenpricestrendingsharplyupwardspurpositive,ratherthannegative,feedback.Forwhateverreason(fearofshortages,greed,anexcessivelyoptimisticattitudetowardthefuture,orflawsintheanalysisofanasset’sunderlyingvalue),buyersbelievethatthevalueoftheassetwillcontinuetorise.3SectionBEconomicbubbles:Causesandconditions

TextReadingIfthepricerises,overlyenthusiasticspeculatorsbuymore,