1.从深层次上来说,这次金融危机是由于美国金融产业的发展超出了实体经济发展的需要,造成大量资产价格泡沫而引起的。金融资产的收益,从本质上来说依然依赖于实体经济的收益,金融层面的运作并不会增加资产的基本收益水平,只能分散而不能真正消除资产风险。美国庞大的衍生品市场使投资者、监管者甚至市场参与机构都难以准确的估值和衡量风险,严重 1. At a deeper level, the financial crisis was caused by the massive asset price bubble caused by the development of the U.S. financial industry beyond the needs of the real economy. The return of financial assets, in essence, still depends on the real economy’s returns. The operation at the financial level does not increase the basic return on assets and can only be dispersed but can not really eliminate the risk of assets. The huge derivatives market in the United States makes it difficult for investors, regulators and even market participants to accurately value and measure risk,