全球金融市场流动性创七年新低

　　The global financial markets are not merely relaxed about the world's problems as they stand. They are positively¹ becalmed. The global index of market volatility², the so-called Vix Index or "fear gauge³" as some people call it, is registering a seven-year low. As low in fact as it was just before the financial meltdown of 2008. The renowned⁴ monetary⁵ expert, Professor John Taylor, a former United States undersecretary of the treasury⁶, says that this lack of worry is now itself a worry.

　　There is just too much money in the financial markets. Is that what's happened? It's got nowhere else to go.

　　I think that's the best way to think about it. But again, to me, it's time to get back to kind of a normal monetary policy. You know we had, in the UK, in the US, had a very good monetary policy for a long time in the 90s until recently. That period of time, some economists⁷ call the Great Moderation 'cause the economy's working so well. When recent years the economies haven't been working that well, we had a financial crisis and this remarkably⁸ slow recovery. So to me the evidence is pretty clear that they should go back to these kinds of rules-based policies I call them that work so well in the past, and the sooner the better in my view.

1 positively   

adv.明确地，断然，坚决地；实在，确实

参考例句：

• She was positively glowing with happiness.她满脸幸福。
• The weather was positively poisonous.这天气着实讨厌。

2 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

3 gauge   

v.精确计量；估计；n.标准度量；计量器

参考例句：

• Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
• It's difficult to gauge one's character.要判断一个人的品格是很困难的。

4 renowned   

adj.著名的，有名望的，声誉鹊起的

参考例句：

• He is one of the world's renowned writers.他是世界上知名的作家之一。
• She is renowned for her advocacy of human rights.她以提倡人权而闻名。

5 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

6 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

7 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

8 remarkably   

ad.不同寻常地，相当地

参考例句：

• I thought she was remarkably restrained in the circumstances. 我认为她在那种情况下非常克制。
• He made a remarkably swift recovery. 他康复得相当快。