jing ji mao yi pian Item 38

Song 经济贸易篇Item 38
Artist 英语听力
Album 听透VOA

Lyrics

Dee Powers says it is not unusual for investors to get a bit carried away when new technology arrives on the scene. Indeed, she says, the late 1999 period of overly exuberant investing has historic precedent. “If you go back to the railroad, there were a lot of investments in the railroad and a lot of them failed, and it was the newness of the transcontinental transportation. I think that failure rate is not that terribly unusual.”

Pinyin

Dee Powers says it is not unusual for investors to get a bit carried away when new technology arrives on the scene. Indeed, she says, the late 1999 period of overly exuberant investing has historic precedent. " If you go back to the railroad, there were a lot of investments in the railroad and a lot of them failed, and it was the newness of the transcontinental transportation. I think that failure rate is not that terribly unusual."