If you are looking for a market bubble do not look to emerging markets. The US and Europe remain a huge super-bubble. Emerging markets, by contrast, are safe. Putting one’s head in the sand and denying this reality has the attraction of plentiful company, but constitutes the opposite of prudence. Remember, lemmings also like to crowd together and the collective name for them is a “suicide”.
如果你在寻找市场泡沫，别把目光放到新兴市场。美国和欧洲仍存在巨大的超级泡沫。新兴市场反而是安全的。许多企业喜欢像鸵鸟一样把头埋在沙子里，拒绝承认这个现实，但这与谨慎完全相反。要知道，旅鼠也喜欢成群结队地迁徙，可人们将它们这种行为统称为“自杀”。
您已阅读8%（515字），剩余92%（5861字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。