PTE Re-tell Lecture 真实讲座练习题:历史上的金融恐慌

在PTE中,无论是Summarise Spoken Text 还是 Re-tell Lecture的考题大都是从真实的讲座或者演讲中截取的中间经常经常夹杂很多不同的环境音.很多同学都反映有时未必是听不懂,而是听不到. 鉴于此,墨尔本悉尼文波雅思PTE专门为大家总结了真实讲座的PTE练习音频,相比新闻音频来说,整体更加接近PTE考试的真题,内容方面,我们也会为大家提供考试中存在的近似题,最近我们会持续更新,敬请期待!


I was asked to give this talk to a big firm, I won’t name it and it’s in the 50th floor, top floor in this big bank in Hongkong, sorry, 54 floors of this hotel in Hongkong have been taken over by this bank. And I am giving the talk about 1873 , three forces way through, somebody raises their hands. Said yeah, yeah, yeah, 1873, your grandmother right here. Do you have any skin in the game, do you make any financial predictions as June 2009, any financial decisions I said no and I don’t I am not in the stock market. He said do you have any retirement, I said yes I have a TIAA graph retirement. He said do you want to make any changes to it. I said yes in July 2007 I read the European central banks was injecting $10 billion into other banks to let them lend each other. Now it reminded me of 1873 when my stomach for call, so I called my wife, we took our retirement out of the stock market and put it in an inflation of bond market. Everyone is in white shirts, like ties and they’re shouting at each other, right? My talk is over, they are shouting and then someone shouted when did you get back to the market? Did you get back? And I said in March 2000, my talk was alright. So anyway my talk was over. The vice president can pull me over at some point because I don’t know what to do, everyone is yelling at each other, no one is asking any questions. And I said what happened, I don’t understand. He said July 07 to March 2009, that’s when you got your money out of stock market, you put it into the bond market. If any bank has done that, they would have doubled their founds, no bank in the world did that. So why did this, why did this understanding financial crisis management because in a way when you put your 19th century goggles on, you think about how 19th century works, you think about American history in the way which context of financial panic. It actually helps you see things differently. It doesn’t let you predict the future at all, like your stomach turns out different times. When you start to think about things, banks not lending to each other was not even a point information for any of these fund managers in 2007, they heard that the European central bank was injecting 10 billion into the bank. They didn’t make any thing out of it. This is before anyone knew about collateralized debt obligations except people who work there, but which seeing that passed does, we try to understand the past piecing it together. Actually helps you understand the present teacher in and see it in a very different way. That’s kinda what history does are. That’s why I’m so glad to be teaching such fantastic students at the college of….

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