{"id":2883,"date":"2021-05-20T09:02:15","date_gmt":"2021-05-20T09:02:15","guid":{"rendered":"https:\/\/sky-mba.com\/?p=2883"},"modified":"2022-09-24T15:55:58","modified_gmt":"2022-09-24T07:55:58","slug":"stock-market-crash-in-history","status":"publish","type":"post","link":"https:\/\/sky-mba.com\/stock-market-crash-in-history\/","title":{"rendered":"\u80a1\u5e02\u5d29\u76e4\u662f\u600e\u9ebc\u767c\u751f\u7684\uff1f\u56de\u9867\u6b77\u53f2\u4e0a 4 \u5834\u91cd\u5927\u80a1\u707d"},"content":{"rendered":"<p>\u80a1\u707d\uff0c\u672c\u8cea\u4e0a\u662f\u4e00\u7a2e\u5468\u800c\u5fa9\u59cb\u7684\u793e\u6703\u73fe\u8c61\uff0c\u662f\u6295\u6a5f\u578b\u7684\u6295\u8cc7\u4eba\u6c3e\u6feb\u5728\u5e02\u5834\u4e0a\u6642\u5c31\u6709\u53ef\u80fd\u89f8\u767c\u7684\u80a1\u7968\u5e02\u5834\u5d29\u76e4\uff0c\u800c\u4e14\uff0c\u80a1\u707d\u7684\u767c\u751f\u901a\u5e38\u662f\u7121\u9810\u8b66\u7684\uff0c\u6b77\u53f2\u4e0a\u5e7e\u6b21\u91cd\u5927\u7684\u80a1\u707d\u751a\u81f3\u662f\u8b93\u7121\u6578\u7684\u6295\u8cc7\u4eba\u77ed\u77ed\u6642\u9593\u5167\u5728\u5e02\u5834\u4e0a\u8840\u672c\u7121\u6b78\u3001\u6158\u8ce0\u8eab\u5bb6\uff01\u6211\u5011\u5148\u4f86\u770b\u4e00\u4e0b\uff0c\u9019\u4e9b\u6b77\u53f2\u4e0a\u7684\u91cd\u5927\u80a1\u707d\uff0c\u5230\u5e95\u90fd\u662f\u5982\u4f55\u767c\u751f\u7684\u5462\uff1f<\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-2887 size-full\" 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href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#1_%E7%BE%8E%E5%9C%8B%E8%82%A1%E7%81%BD%E2%80%931929%E5%B9%B4%E5%A4%A7%E8%82%A1%E7%81%BD\" title=\"1. \u7f8e\u570b\u80a1\u707d\u20131929\u5e74\u5927\u80a1\u707d\">1. \u7f8e\u570b\u80a1\u707d\u20131929\u5e74\u5927\u80a1\u707d<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF\" title=\"A. \u80a1\u707d\u80cc\u666f\">A. \u80a1\u707d\u80cc\u666f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86\" title=\"B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\">B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link 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ez-toc-heading-7\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-2\" title=\"B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\">B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-2\" title=\"C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2\">C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#3_%E8%87%BA%E7%81%A3%E8%82%A1%E7%81%BD%E2%80%931990%E5%B9%B4%E8%82%A1%E7%81%BD\" title=\"3. \u81fa\u7063\u80a1\u707d\u20131990\u5e74\u80a1\u707d\">3. \u81fa\u7063\u80a1\u707d\u20131990\u5e74\u80a1\u707d<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF-3\" title=\"A. \u80a1\u707d\u80cc\u666f\">A. \u80a1\u707d\u80cc\u666f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-3\" title=\"B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\">B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-3\" title=\"C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2\">C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#4_%E4%B8%96%E7%95%8C%E9%87%91%E8%9E%8D%E5%8D%B1%E6%A9%9F%E2%80%932008%E5%B9%B4%E9%87%91%E8%9E%8D%E9%A2%A8%E6%9A%B4\" title=\"4. \u4e16\u754c\u91d1\u878d\u5371\u6a5f\u20132008\u5e74\u91d1\u878d\u98a8\u66b4\">4. \u4e16\u754c\u91d1\u878d\u5371\u6a5f\u20132008\u5e74\u91d1\u878d\u98a8\u66b4<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF-4\" title=\"A. \u80a1\u707d\u80cc\u666f\">A. \u80a1\u707d\u80cc\u666f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-4\" title=\"B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\">B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-4\" title=\"C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2\">C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/sky-mba.com\/stock-market-crash-in-history\/#%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86%E7%B5%B1%E6%95%B4\" title=\"\u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\u7d71\u6574\">\u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\u7d71\u6574<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_%E7%BE%8E%E5%9C%8B%E8%82%A1%E7%81%BD%E2%80%931929%E5%B9%B4%E5%A4%A7%E8%82%A1%E7%81%BD\"><\/span><strong>1. \u7f8e\u570b\u80a1\u707d\u2013<\/strong><strong>1929<\/strong><strong>\u5e74\u5927\u80a1\u707d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF\"><\/span><strong>A. \u80a1\u707d\u80cc\u666f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6b77\u53f2\u4e0a\u7f8e\u570b\u57281920\u5e74\u4ee3\u958b\u555f\u4e86\u300c\u5486\u54ee\u7684\u4e8c\u5341\u5e74\u4ee3\u300d\uff0c\u6709\u4eba\u7a31\u9019\u662f\u300c\u6b77\u53f2\u4e0a\u6700\u70ba\u591a\u5f69\u7684\u5e74\u4ee3\u300d\uff0c\u9019\u500b\u5e74\u4ee3\u7f8e\u570b\u5e7e\u4e4e\u6240\u6709\u4eba\u90fd\u6df1\u523b\u611f\u53d7\u5230\u622a\u7136\u4e0d\u540c\u7684\u6642\u4ee3\u5373\u5c07\u4f86\u81e8\uff0c\u662f\u5145\u6eff\u300c\u73fe\u4ee3\u300d\u7684\u6642\u671f\uff0c\u79d1\u5b78\u4f3c\u4e4e\u80fd\u5920\u5316\u4e00\u5207\u70ba\u53ef\u80fd\uff0c\u7d93\u6fdf\u8207\u6280\u8853\u7684\u767c\u5c55\u6f5b\u529b\u4f3c\u4e4e\u7121\u9650\u5de8\u5927\uff0c\u6c7d\u8eca\u3001\u96fb\u5f71\u4ee5\u53ca\u7121\u7dda\u96fb\u7b49\u7b49\u6280\u8853\u7684\u84ec\u52c3\u767c\u5c55\uff0c\u57fa\u790e\u5efa\u8a2d\u9769\u65b0\uff0c\u57ce\u5e02\u5316\u7684\u5feb\u901f\u8513\u5ef6\uff0c\u5b83\u5011\u90fd\u5e36\u7d66\u4eba\u985e\u524d\u6240\u672a\u6709\u7684\u300c\u73fe\u4ee3\u611f\u300d\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86\"><\/span><strong>B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u5145\u6eff\u5e0c\u671b\u76841920\u5e74\u4ee3\uff0c\u662f\u4e00\u500b\u760b\u72c2\u7684\u5e74\u4ee3\uff0c\u70ba\u751a\u9ebc\u7528\u300c\u760b\u72c2\u300d\u4ee3\u7a31\uff0c\u662f\u56e0\u70ba\u6b64\u6642\u5145\u65a5\u5728\u7f8e\u570b\u80a1\u5e02\u4e2d\u7684\u300c\u6295\u6a5f\u8005\u300d\uff0c\u5df2\u7d93\u8da8\u8fd1\u7121\u8996\u300c\u5e02\u5834\u98a8\u96aa\u300d\u7684\u6642\u5019\uff0c\u76f2\u76ee\u5730\u8a8d\u70ba\u80a1\u5e02\u4e00\u5b9a\u6703\u518d\u9ad8\u3001\u66f4\u9ad8\uff01<strong>\u751f\u6d3b\u4e0a\u524d\u6240\u672a\u6709\u7684\u300c\u73fe\u4ee3\u611f\u300d\uff0c\u5be6\u5be6\u5728\u5728\u5730\u8b93\u4eba\u5011\u5c0d\u65bc\u5e02\u5834\u7522\u751f\u300c\u7121\u6240\u4e0d\u80fd\u300d\u7684\u5e7b\u60f3\u3002<\/strong><\/p>\n<p>\u83ef\u723e\u8857\u80a1\u707d\u7206\u767c\u524d\uff0c\u7d93\u6fdf\u5b78\u5bb6\u6b50\u6587\u30fb\u8cbb\u96ea\u751a\u81f3\u8a87\u4e0b\u540d\u8a00:\u300c\u80a1\u50f9\u5df2\u7d93\u7acb\u8db3\u65bc\u50cf\u6c38\u6046\u7684\u9ad8\u5730\u4e0a\uff08Stock prices have reached what looks like a permanently high plateau\uff09\u300d\u3002<\/p>\n<p>\u80a1\u50f9\u4e0d\u65b7\u5730\u6301\u7e8c\u4e0a\u6f32\u5438\u5f15\u5230\u66f4\u591a\u7684\u6295\u6a5f\u8005\u4e0d\u65b7\u5730\u628a\u8cc7\u91d1\u6295\u5165\u5e02\u5834\uff0c\u9019\u4e9b\u76f2\u76ee\u6d41\u5165\u80a1\u5e02\u7684\u8cc7\u91d1\u4e5f\u9032\u4e00\u6b65\u7e7c\u7e8c\u63a8\u9ad8\u80a1\u50f9\uff0c\u6700\u7d42\u5f62\u6210\u300c\u7d93\u6fdf\u6ce1\u6cab\u300d\uff0c1929\u5e743\u6708\uff0c\u5e02\u5834\u6295\u6a5f\u8cb8\u6b3e\u7684\u4ea4\u6613\u91d1\u984d\u9ad8\u65bc\u80a1\u5e02\u5e02\u503c\u7684\u4e09\u5206\u4e4b\u4e8c\u4ee5\u4e0a\uff0c\u751a\u81f3\u6bd4\u7f8e\u570b\u7576\u6642\u6d41\u901a\u8ca8\u5e63\u7684\u7e3d\u984d\u9084\u8981\u591a\uff0c\u5230\u4e861929\u5e749\u6708\uff0c<strong>\u6a19\u6e96\u666e\u723e\u6210\u4efd\u80a1\u7684\u5e73\u5747\u5e02\u76c8\u7387<\/strong><strong>(<\/strong><strong>\u53c8\u7a31\u4f5c\u672c\u76ca\u6bd4)<\/strong><strong>\u9ad8\u905432.6<\/strong><strong>\uff0c\u975e\u5e38\u660e\u986f\u9ad8\u65bc\u6b77\u53f2\u7684\u5e73\u5747\u3002<\/strong>\u6b64\u6642\uff0c\u96e2\u5d29\u76e4\u5df2\u7d93\u4e0d\u9060\u4e86\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82\"><\/span><strong>C.\u00a0 \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1929\u5e7410\u670824\u65e5\uff0c\u661f\u671f\u56db\u3002\u707d\u96e3\u7684\u767c\u751f\u662f\u6beb\u7121\u5f81\u5146\u7684\u3002<\/p>\n<p>\u80a1\u5e02\u7684\u5d29\u76e4\u6301\u7e8c4\u5e74\u8dcc\u81f3\u8c37\u5e95\uff0c\u5927\u856d\u689d\u751a\u81f3\u6301\u7e8c\u4e8610\u500b\u5e74\u982d\uff0c\u904e\u53bb\u5486\u54ee\u7684\u4e8c\u5341\u5e74\u4ee3\u7684\u793e\u6703\u666f\u8c61\u4e0d\u518d\uff0c\u53d6\u800c\u4ee3\u4e4b\u7684\u662f\u5de5\u4eba\u5931\u696d\u3001\u5546\u696d\u5012\u9589\u3001\u9280\u884c\u5012\u9589\uff0c6000\u591a\u5bb6\u4f01\u696d\u7834\u7522\uff0c5500\u591a\u5bb6\u9280\u884c\u5012\u9589\uff0c\u5168\u570b\u91d1\u878d\u754c\u9677\u5165\u6158\u72c0\uff0c\u8a31\u591a\u7f8e\u570b\u4eba\u591a\u5e74\u7684\u8f9b\u82e6\u7a4d\u84c4\u77ac\u9593\u84b8\u767c\uff0c\u6574\u9ad4\u7f8e\u570b\u7684\u7d93\u6fdf\u6c34\u6e96\u66f4\u662f\u5012\u9000\u81f31913\u5e74\u4ee3\u3002<\/p>\n<p>\u9019\u6b21\u80a1\u707d\u662f\u5fb9\u5e95\u6253\u64ca\u4e86\u6295\u8cc7\u8005\u7684\u4fe1\u5fc3\uff0c\u4e00\u76f4\u52301954\u5e74\uff0c\u7f8e\u570b\u80a1\u5e02\u624d\u6062\u5fa9\u52301929\u5e74\u7684\u6c34\u5e73\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_%E7%BE%8E%E5%9C%8B%E8%82%A1%E7%81%BD%E2%80%931987%E5%B9%B4%E8%82%A1%E7%81%BD\"><\/span><strong>2. \u7f8e\u570b\u80a1\u707d\u2013<\/strong><strong>1987<\/strong><strong>\u5e74\u80a1\u707d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-2886 size-full\" src=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d3.png\" alt=\"\u80a1\u707d\" width=\"710\" height=\"523\" srcset=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d3.png 710w, https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d3-300x221.png 300w\" sizes=\"(max-width: 710px) 100vw, 710px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF-2\"><\/span><strong>A. \u80a1\u707d\u80cc\u666f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u4e0a\u4e16\u7d0080\u5e74\u4ee3\u521d\uff0c\u7f8e\u570b\u7d93\u6fdf\u8655\u65bc\u65b0\u820a\u7d93\u6fdf\u6a21\u5f0f\u8f49\u63db\u7684\u4f4e\u901f\u589e\u9577\u671f\uff0c\u5728\u7f8e\u806f\u5132\u4e3b\u5e2d\u4fdd\u7f85\u00b7\u6c83\u723e\u514b\u7684\u52aa\u529b\u4e0b\uff0c\u901a\u8139\u5f97\u5230\u63a7\u5236\u5229\u7387\u4e0b\u884c\u3002\u540c\u6642<strong>\u7f8e\u570b\u653f\u5e9c\u64f4\u5927\u8ca1\u653f\u652f\u51fa\u964d\u4f4e\u7a05\u6536\u5927\u529b\u5438\u5f15\u5916\u8cc7\u6d41\u5165\uff0c\u5c24\u5176\u662f\u80a1\u7968\u6295\u8cc7\u514d\u7a05\uff0c\u5438\u5f15\u4e86\u5168\u7403\u8cc7\u672c\u9032\u5165\u7f8e\u570b\u80a1\u7968\u5e02\u5834<\/strong>\uff0c\u7f8e\u570b\u80a1\u7968\u5e02\u5834\u8d70\u725b\u3002\u7576\u6642\u7684\u90a3\u4e00\u8f2a\u725b\u5e02\u59cb\u65bc1982\u5e748\u6708\uff0c\u7f8e\u80a1\u4e0a\u6f32\u4e3b\u8981\u53d7\u5230\u7d93\u6fdf\u5feb\u901f\u589e\u9577\u3001\u4f01\u696d\u5229\u6f64\u63d0\u5347\uff0c\u65b0\u7684\u6a5f\u69cb\u6295\u8cc7\u8005\u9700\u6c42\u589e\u52a0\u4ee5\u53ca\u7a05\u6536\u6e1b\u514d\u7684\u63a8\u52d5\u3002<\/p>\n<p>\u5118\u7ba1\uff0c\u7576\u6642\u7684\u806f\u6e96\u6703\u5229\u7387\u4f9d\u7136\u76f8\u5c0d\u8f03\u9ad8\uff08\u90547.5%\uff09\uff0c\u4f46\u6bd4\u8d771981\u5e74\u590f\u5b63\u6642\u768419%\u5df2\u7d93\u6709\u4e86\u986f\u8457\u7684\u4e0b\u964d\u3002\u6b64\u5916\uff0c\u548c1970\u5e74\u4ee3\u76f8\u6bd4\uff0c1987\u5e74\u7684\u901a\u81a8\u5f88\u4f4e\u3002\u90a3\u6642\u5019\u7684\u7f8e\u570b\u7d93\u6fdf\u582a\u7a31\u9ec3\u91d1\u6642\u671f\uff0c\u4eba\u4eba\u5c0d\u5e02\u5834\u5145\u6eff\u4fe1\u5fc3\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-2\"><\/span><strong>B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u5728\u300c\u9ed1\u8272\u661f\u671f\u4e00\u300d\u4e4b\u524d\u7684\u4e00\u5468\uff0c\u7f8e\u80a1\u5c31\u958b\u59cb\u4e0b\u632b\uff0c1987\u5e7410\u670814\u65e5\u5468\u4e09\uff0c\u7531\u65bc\u53d6\u6d88\u878d\u8cc7\u7a05\u6536\u512a\u60e0\u7684\u8b20\u8a00\u5728\u83ef\u723e\u8857\u50b3\u64ad\uff0c\u4ee5\u53ca8\u6708\u7684\u8cbf\u6613\u8d64\u5b57\u9ad8\u65bc\u9810\u671f\uff0c\u7f8e\u80a1\u958b\u59cb\u4e0b\u8dcc\uff0c\u540c\u6642\uff0c\u7f8e\u5143\u4e5f\u5728\u7576\u65e5\u8d70\u4f4e\u3002\u96a8\u8457\u901a\u8139\u7684\u6301\u7e8c\u4e0a\u5347\uff0c\u5fb7\u570b\u9023\u7e8c\u63d0\u9ad8\u77ed\u671f\u5229\u7387\uff0c\u7f8e\u5143\u518d\u6b21\u88ab\u770b\u8dcc\u3002<\/p>\n<p>1987\u5e7410\u670818\u65e5\u7f8e\u570b\u8ca1\u9577\u5ba3\u5e03\u7f8e\u5143\u6216\u4e3b\u52d5\u8cb6\u503c\uff0c\u52a0\u4e0a\u4e0a\u5e02\u516c\u53f8\u4f75\u8cfc\u7a05\u6536\u512a\u60e0\u53d6\u6d88\u3001\u6d77\u7063\u6230\u722d\u5347\u7d1a\u7684\u50b3\u8a00\u7b49\u58de\u6d88\u606f\u7684\u885d\u64ca\uff0c\u518d\u758a\u52a03\uff5e9\u6708\u4efd\u806f\u90a6\u57fa\u91d1\u5229\u7387\u4e0a\u8abf\u7684\u5f71\u97ff\uff0c\u7f8e\u80a1\u958b\u59cb\u8abf\u6574\uff0c10\u670814\u65e5\uff5e10\u670816\u65e5\u9023\u7e8c\u4e09\u500b\u4ea4\u6613\u65e5\u6a19\u666e500\u6307\u6578\u63a5\u9023\u4e0b\u8dcc\uff0c\u7d2f\u8a08\u4e0b\u8dcc10.1%\u300210\u670819\u65e5\uff0c\u5148\u65bc\u7f8e\u80a1\u958b\u76e4\u7684\u9999\u6e2f\u3001\u6b50\u6d32\u7b49\u5730\u80a1\u5e02\u63a5\u9023\u66b4\u8dcc\uff0c\u7f8e\u80a1\u958b\u76e4\u5f8c\u6a19\u666e500\u66f4\u662f\u66b4\u8dcc20.5%\uff0c\u53f2\u7a31\u300c\u9ed1\u8272\u661f\u671f\u4e00\u300d\u3002<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-2\"><\/span><strong>C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>1987\u5e7410\u670819\u65e5\uff0c\u9ed1\u8272\u661f\u671f\u4e00\uff0c\u958b\u76e4\u50c53\u5c0f\u6642\uff0c\u9053\u74ca\u65af\u5de5\u696d\u80a1\u7968\u5e73\u5747\u6307\u6578\u4e0b\u8dcc508.32\u9ede\uff0c\u8dcc\u5e45\u905422.62%\u3002\u7576\u5929\u7387\u5148\u958b\u5e02\u7684\u9999\u6e2f\u80a1\u5e02\u53d7\u9031\u672b\u7f8e\u570b\u671f\u8ca8\u5e02\u5834\u7684\u5f71\u97ff\u51fa\u73fe\u62cb\u552e\u6f6e\uff0c\u6050\u614c\u50b3\u5c0e\u81f3\u4e9e\u592a\u5404\u5730\u5340\u53ca\u6b50\u6d32\u80a1\u5e02\u3002\u96a8\u540e\u7684\u4e00\u5468\u5167\uff0c\u6050\u614c\u52a0\u5287\uff0c10\u670820\u65e5\uff0c\u6771\u4eac\u8b49\u5238\u4ea4\u6613\u6240\u80a1\u7968\u8dcc\u5e45\u905414.9%\uff0c\u5275\u4e0b\u6771\u4eac\u8b49\u5238\u4e0b\u8dcc\u6700\u9ad8\u7d00\u9304\u300210\u670826\u65e5\u9999\u6e2f\u6052\u751f\u6307\u6578\u72c2\u70091126\u9ede\uff0c\u8dcc\u5e45\u9054 33.5%\uff0c\u5275\u9999\u6e2f\u80a1\u5e02\u8dcc\u5e45\u6b77\u53f2\u6700\u9ad8\u7d00\u9304\uff0c\u5c07\u81ea1986\u5e7411\u6708\u4ee5\u4f86\u7684\u5168\u90e8\u6536\u76ca\u7d71\u7d71\u541e\u6c92\u3002\u4e9e\u6d32\u80a1\u5e02\u5d29\u6f70\u7684\u8cc7\u8a0a\u53c8\u56de\u50b3\u6b50\u7f8e\uff0c\u5c0e\u81f4\u6b50\u7f8e\u7684\u80a1\u5e02\u518d\u6b21\u4e0b\u7009\u3002<\/p>\n<p>\u64da\u7d71\u8a08\uff0c\u5728\u5f9e10\u670819\u65e5\u523026\u65e58\u5929\u5167\uff0c\u56e0\u80a1\u5e02\u72c2\u8dcc\u640d\u5931\u7684\u8ca1\u5bcc\u9ad8\u90542\u842c\u5104\u7f8e\u5143\u4e4b\u591a\uff0c\u662f\u7b2c\u4e8c\u6b21\u4e16\u754c\u5927\u6230\u4e2d\u76f4\u63a5\u53ca\u9593\u63a5\u640d\u5931\u7e3d\u548c3380\u5104\u7f8e\u5143\u76845.92\u500d\u3002<\/p>\n<p>\u6b64\u6b21\u80a1\u707d\u4e5f\u662f\u300c\u7194\u65b7\u6a5f\u5236\u300d\u8a95\u751f\u7684\u6e90\u982d\uff0c\u8b93\u7576\u6642\u76e3\u7ba1\u90e8\u9580\u610f\u8b58\u5230\u4ea4\u6613\u6a5f\u5236\u7684\u7f3a\u9677\uff0c\u4f7f\u5f97\u7d10\u7d04\u80a1\u7968\u4ea4\u6613\u6240\u5f88\u5feb\u63d0\u51fa\u7194\u65b7\u6a5f\u5236\uff0c\u5373\u5141\u8a31\u4ea4\u6613\u6240\u5728\u67d0\u500b\u6307\u6578\u5927\u5e45\u4e0b\u8dcc\u7684\u60c5\u6cc1\u4e0b\u66ab\u505c\u4ea4\u6613\uff01<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_%E8%87%BA%E7%81%A3%E8%82%A1%E7%81%BD%E2%80%931990%E5%B9%B4%E8%82%A1%E7%81%BD\"><\/span><strong>3. \u81fa\u7063\u80a1\u707d\u2013<\/strong><strong>1990<\/strong><strong>\u5e74\u80a1\u707d<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF-3\"><\/span><strong>A. \u80a1\u707d\u80cc\u666f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u6b64\u6642\u7684\u81fa\u7063\u4ee5\u52de\u52d5\u5bc6\u96c6\u4f5c\u70ba\u51fa\u53e3\u5c0e\u5411\uff0c\u9023\u7e8c40\u5e74\u5e73\u5747\u7d93\u6fdf\u6210\u9577\u7387\u90549%\uff0c\u5728\u7576\u6642\u66f4\u662f\u4e9e\u6d32\u56db\u5c0f\u9f8d\u4e4b\u9996\u3002\u8cbf\u6613\u66ff\u81fa\u7063\u8cfa\u53d6\u4e86\u5927\u91cf\u7684\u5916\u532f\uff0c\u6574\u9ad4\u7d93\u6fdf\u5728\u9ad8\u6c34\u6e96\u7684\u6210\u9577\u7387\u4e0b\uff0c\u4e00\u822c\u6c11\u773e\u6536\u5165\u4e5f\u96a8\u4e4b\u5927\u5e45\u63d0\u5347\u3002\u800c\u81fa\u7063\u7684\u80a1\u7968\u5e02\u5834\u5728\u7576\u6642\u4e5f\u9678\u7e8c\u958b\u653e\u4e86\u5238\u5546\u57f7\u7167\uff0c\u65b0\u516c\u53f8\u7d1b\u7d1b\u8a2d\u7acb\uff0c<strong>\u5927\u773e\u6240\u5f97\u589e\u52a0\uff0c\u4f46\u6295\u8cc7\u7ba1\u9053\u4e0d\u591a\uff0c\u8cc7\u91d1\u5927\u591a\u90fd\u6d41\u5230\u80a1\u7968\u5e02\u5834\u548c\u623f\u5730\u7522\u5e02\u5834\u3002<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-3\"><\/span><strong>B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u81fa\u7063\u7576\u6642\u5e02\u5834\u5f88\u725b\u554a\uff01\u6709\u591a\u725b\u5462\uff0c\u6709\u4e00\u8aaa\u6cd5\u662f\u725b\u5230\u5373\u4f7f\u4e00\u500b\u4eba\u4e82\u9078\u80a1\u4e82\u6295\u8cc7\uff0c\u5e73\u5747\u90fd\u9084\u53ef\u4ee5\u7372\u5f978.5\uff05\u7684\u6708\u7387\u916c\u7387\uff0c\u5438\u5f15\u8d8a\u4f86\u8d8a\u591a\u6295\u6a5f\u8005\u53c3\u8207\u80a1\u5e02\uff0c\u5728\u9019\u500b\u6642\u9593\u9ede\uff0c\u81fa\u7063\u7d93\u6fdf\u5927\u597d\uff0c\u65b0\u9bae\u4eba\u51fa\u793e\u6703\u5e73\u5747\u5341\u500b\u5de5\u4f5c\u6a5f\u6703\uff01\u77ed\u77ed\u5e7e\u5e74\u9593\uff0c\u80a1\u5e02\u6d3b\u8e8d\u4ea4\u6613\u7684\u8cec\u6236\u5f9e60\u842c\u6236\u6fc0\u589e\u5230460\u842c\u6236\uff0c\u4e0d\u7ba1\u6295\u8cc7\u4eba\u662f\u4e0d\u662f\u771f\u7684\u61c2\u80a1\u7968\uff0c\u4f46\u5728\u7576\u6642\u7684\u8857\u982d\u5927\u5c0f\u5df7\u4e0d\u65b7\u8ac7\u8ad6\u8457\u5730\u5c31\u662f\u5f9e\u80a1\u5e02\u8cfa\u4e86\u591a\u5c11\u9322\uff01<\/p>\n<p>\u5728\u90a3\u500b\u6642\u671f\uff0c\u81fa\u7063\u80a1\u5e02\u7684\u65e5\u5e73\u5747\u4ea4\u6613\u91cf\u4e5f\u5f9e\u4e0d\u8db31000\u842c\u7f8e\u5143\u98c6\u5347\u5230\u6700\u9ad856\u5104\u7f8e\u5143\uff0c\u55ae\u65e5\u6700\u9ad8\u6210\u4ea4\u91cf\u7d0476\u5104\u7f8e\u5143\uff0c\u4ea4\u6613\u91cf\u7b49\u65bc\u7576\u6642\u4e16\u754c\u91d1\u878d\u5927\u57ce\u7d10\u7d04\u548c\u6771\u4eac\u5169\u5730\u7684\u4ea4\u6613\u6240\u7684\u7e3d\u548c\uff01\u4f46\u662f\uff0c\u5f9e\u81fa\u7063\u4f01\u696d\u7684\u6de8\u503c\u7e3d\u5408\u4f86\u770b\uff0c\u81fa\u7063\u80a1\u5e02\u7684\u865b\u64ec\u50f9\u503c\u5728\u7576\u6642\u662f\u88ab\u9ad8\u4f30\u7684\u975e\u5e38\u8a87\u5f35\uff01<\/p>\n<p>\u7136\u800c\uff0c<strong>1990<\/strong><strong>\u5e74\u5143\u6708\u4efd\u958b\u59cb\u5be6\u65bd\u300c\u8b49\u4ea4\u7a05\u5343\u5206\u4e4b\u516d\u300d<\/strong>\uff0c\u9019\u500b\u6c7a\u7b56\u8b8a\u6210\u4e86\u80a1\u5e02\u7684\u95dc\u9375\u8f49\u6298\u9ede\u3002\u80a1\u7968\u4ea4\u6613\u8981\u88ab\u653f\u5e9c\u6536\u7a05\u662f\u4e00\u56de\u4e8b\uff0c\u4f46\u66f4\u91cd\u8981\u7684\u662f\u6295\u8cc7\u4eba\u610f\u8b58\u5230\u80a1\u7968\u5e02\u5834\u5df2\u7d93\u9ad8\u7684\u4e0d\u5408\u7406\u4e86\uff01<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-3\"><\/span><strong>C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u81fa\u80a1\u5d29\u76e4\u524d\u76841989\u5e74\uff0c\u81fa\u80a1\u5e73\u5747\u672c\u76ca\u6bd4(\u5e02\u76c8\u7387)\u9ad8\u9054\u5230100\u500d\uff0c\u8981\u77e5\u9053\u7576\u6642\u540c\u5168\u7403\u5176\u4ed6\u591a\u6578\u570b\u5bb6\u80a1\u5e02\u672c\u76ca\u6bd4(\u5e02\u76c8\u7387)\u90fd\u572820\u500d\u4ee5\u4e0b\uff01\u5728\u6ce1\u6cab\u7834\u88c2\u524d\uff0c\u53f0\u7063\u52a0\u6b0a\u6307\u6578\u65bc1990\u5e742\u670812\u65e5\u6f32\u523012682\u9ede\uff0c\u800c\u8b49\u4ea4\u7a05\u7684\u5be6\u65bd\u513c\u7136\u6210\u4e86\u5c0e\u706b\u7dda\uff0c\u4f34\u96a8\u8457\u6c11\u773e\u8d8a\u767c\u9ad8\u6f32\u7684\u6050\u614c\uff0c\u5f9e2\u6708\u4ee5\u4f86\u8b93\u80a1\u5e02\u4e00\u8def\u5411\u4e0b\u72c2\u8dcc\uff0c\u76f4\u52301990\u5e7410\u670812\u65e5\uff0c\u6574\u6574\u516b\u500b\u6708\u7684\u6642\u9593\u8dcc\u6389\u4e8610000\u591a\u9ede\uff0c\u8dcc\u5230\u53ea\u5269\u4e0b2485\u9ede\uff0c\u5be6\u5728\u6158\u4e0d\u5fcd\u7779\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_%E4%B8%96%E7%95%8C%E9%87%91%E8%9E%8D%E5%8D%B1%E6%A9%9F%E2%80%932008%E5%B9%B4%E9%87%91%E8%9E%8D%E9%A2%A8%E6%9A%B4\"><\/span><strong>4. \u4e16\u754c\u91d1\u878d\u5371\u6a5f\u2013<\/strong><strong>2008<\/strong><strong>\u5e74\u91d1\u878d\u98a8\u66b4<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-2885 size-full\" src=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d2.jpeg\" alt=\"\u80a1\u707d\" width=\"624\" height=\"1024\" srcset=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d2.jpeg 624w, https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d2-183x300.jpeg 183w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_%E8%82%A1%E7%81%BD%E8%83%8C%E6%99%AF-4\"><\/span><strong>A. \u80a1\u707d\u80cc\u666f<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>2008\u5e74\u91d1\u878d\u98a8\u66b4\uff0c\u5b8c\u6574\u7684\u7a31\u547c\u662f\u300c\u6b21\u7d1a\u623f\u5c4b\u8cb8\u6b3e\u5371\u6a5f\u300d\uff0c\u7c21\u7a31\u6b21\u8cb8\u5371\u6a5f\uff08Subprime mortgage crisis\uff09\u3002\u59cb\u65bc\u4e0d\u52d5\u7522\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238\uff08Mortgage-Based Security\uff0c\u7c21\u7a31MBS\uff09\u50b5\u52d9\u9055\u7d04\uff0c\u4ee5\u53ca<strong>\u4eba\u5011\u5c0d\u5e02\u5834\u904e\u5ea6\u6a02\u89c0\u7684\u9810\u671f<\/strong>\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n\u6b21\u7d1a\u8cb8\u6b3e\u5e02\u5834\u6307\u7684\u662f\u90a3\u4e9b\u6536\u5165\u4fe1\u8b7d\u7a0b\u5ea6\u4e0d\u9ad8\u7684\u5ba2\u6236\uff0c\u4e3b\u8981\u662f\u4ed6\u5011\u7684\u5de5\u4f5c\u6536\u5165\u975e\u5e38\u4e0d\u7a69\u5b9a\uff0c\u4e5f\u56e0\u70ba\u9280\u884c\u5fc5\u9808\u627f\u64d4\u66f4\u9ad8\u7684\u98a8\u96aa\uff0c\u6240\u4ee5\u4ed6\u5011\u8cb8\u6b3e\u5229\u7387\u901a\u5e38\u6bd4\u4e00\u822c\u62b5\u62bc\u8cb8\u6b3e\u9ad8\u51fa2%\uff5e3%\uff0c\u4f46\u662f\u6b21\u7d1a\u8cb8\u6b3e\u5e02\u5834\u96d6\u7136\u98a8\u96aa\u6700\u5927\uff0c\u4f46\u662f\u5229\u6f64\u537b\u4e5f\u662f\u6700\u9ad8\u3002\u800c\u70ba\u4e86\u56e0\u61c92000\u5e74\u7684\u7db2\u969b\u7db2\u8def\u6ce1\u6cab\uff0c\u7f8e\u570b\u806f\u6e96\u6703(\u7c21\u7a31FED)\u5f9e2000\u5e74\u5e95\u81f32003\u5e746\u6708\u9023\u7e8c\u964d\u606f13\u6b21\uff0c\u6c11\u773e\u501f\u8cb8\u6210\u672c\u5927\u5e45\u964d\u4f4e\uff0c\u5c0e\u81f4\u8cc7\u91d1\u6c3e\u6feb\uff0c\u6c11\u773e\u878d\u8cc7\u6027\u501f\u8cb8\u4f86\u8cfc\u623f\u610f\u9858\u53ca\u6578\u91cf\u63d0\u5347\uff0c\u4e5f\u9806\u52e2\u523a\u6fc0\u4e86\u623f\u50f9\u4e0d\u65b7\u62ac\u5347\uff0c\u5f9e1997\u5e74\u52302006\u5e74\u9593\uff0c\u4e00\u822c\u7f8e\u570b\u4f4f\u623f\u50f9\u4e0a\u5347\u4e86124\uff05\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><iframe title=\"10\u5206\u9418\u770b\u61c2\u91d1\u878d\u5371\u6a5f- \u6b21\u8cb8\u5371\u6a5f\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/KNuoRu8PxAc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"B_%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86-4\"><\/span><strong>B. \u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u96a8\u8457\u6295\u6a5f\u7684\u98a8\u6c23\u65e5\u76db\uff0c\u91d1\u878d\u7522\u54c1\u7684\u7522\u751f\u96a8\u4e4b\u591a\u6a23\u6027\u7684\u8b8a\u5316\uff0c\u5728\u6b21\u53ca\u8cb8\u6b3e\u7684\u5e02\u5834\u4e0a\u8cb8\u6b3e\u4eba\u53ef\u4ee5\u51fa\u552e\u4ed6\u5011\u62b5\u62bc\u8cb8\u6b3e\u7684\u4ed8\u6b3e\u6240\u6709\u6b0a\uff0c\u9019\u7a31\u505a<strong>\u8cb8\u6b3e\u8b49\u5238\u5316<\/strong>\uff0c\u5176\u4e2d\u4fe1\u8cb8\u98a8\u96aa\u53ef\u4ee5\u900f\u904e\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238(Collateralized Debt Obligations, CDO)\u8f49\u79fb\u7d66\u4e00\u822c\u6295\u8cc7\u4eba\u3002<\/p>\n<p>\u767d\u8a71\u4e00\u9ede\u4f86\u8aaa\uff0c\u6b21\u7d1a\u8cb8\u6b3e\u4eba\u7684\u4ed8\u6b3e\u7fa9\u52d9\u5df2\u7d93\u900f\u904e\u591a\u6b21\u8f49\u624b\uff0c\u8f49\u79fb\u5230\u8cfc\u8cb7\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238(CDO)\u7684\u6295\u8cc7\u4eba\u624b\u4e0a\u3002\u4f46\u662f\u8cb8\u6b3e\u8b49\u5238\u5316\u88ab\u6a5f\u69cb\u5305\u88dd\u5f97\u975e\u5e38\u8907\u96dc\uff0c\u6295\u8cc7\u4eba\u4e0d\u5bb9\u6613\u4e86\u89e3\u91d1\u878d\u5546\u54c1\uff0c\u50c5\u80fd\u900f\u904e\u4fe1\u7528\u8a55\u7b49\u6a5f\u69cb\u7684\u8a55\u50f9\u4f86\u5224\u65b7\uff0c\u800c\u9ad8\u4fe1\u8cb8\u8a55\u7d1a\u6a5f\u69cb\u9f13\u52f5\u4e86\u6295\u8cc7\u4eba\u8cfc\u8cb7\u7531\u6b21\u7d1a\u62b5\u62bc\u8cb8\u6b3e\u80cc\u66f8\u7684\u9ad8\u5229\u7387\u8b49\u5238\uff0c\u4e2d\u9593\u7684\u4efb\u4f55\u8f49\u624b\u90fd\u53ef\u4ee5\u5f97\u5230\u4e0d\u932f\u7684\u5831\u916c\u3002<\/p>\n<p>\u6295\u8cc7\u8005\u60f3\u8981\u5f97\u5230\u66f4\u591a\u9ad8\u5831\u916c\u7684\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238(CDO)\uff0c\u6295\u8cc7\u6a5f\u69cb\u5c31\u5f97\u5f80\u6e90\u982d\u7684\u627e\u66f4\u591a\u7684\u6b21\u7d1a\u623f\u8cb8\u8cb8\u6b3e\u4eba\u3002\u5728\u9019\u6a23\u7121\u9650\u5faa\u74b0\u904e\u7a0b\u4e2d\uff0c\u623f\u5730\u7522\u9700\u6c42\u5feb\u901f\u4e0a\u5347\uff0c\u4e0d\u8ad6\u500b\u4eba\u4fe1\u7528\u8a55\u7d1a\u597d\u58de\u90fd\u53ef\u4ee5\u8f15\u9b06\u8cb8\u6b3e\u8cb7\u623f\uff0c\u4e5f\u56e0\u6b64\u70ba\u623f\u5730\u7522\u63d0\u4f9b\u9f90\u5927\u8cc7\u91d1\uff0c\u4f46\u662f\u540c\u6642\u901a\u8ca8\u81a8\u8139\u7387\u7121\u6cd5\u5c0d\u61c9\u623f\u50f9\u4e0a\u6f32\u7684\u8da8\u52e2\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"C_%E7%B6%93%E6%BF%9F%E6%B3%A1%E6%B2%AB%E7%A0%B4%E8%A3%82-4\"><\/span><strong>C. \u7d93\u6fdf\u6ce1\u6cab\u7834\u88c2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u98a8\u66b4\u7684\u8f49\u6369\u9ede\u5c31\u662f\u7f8e\u570bFED\u5347\u606f\uff0c\u5c0e\u81f4\u623f\u8cb8\u5229\u7387\u8d70\u5347\uff0c\u8cb8\u6b3e\u4eba\u9084\u6b3e\u7684\u58d3\u529b\u99ac\u4e0a\u589e\u52a0\u3001\u9055\u7d04\u7387\u4e0a\u5347\uff0c\u5df2\u7d93\u8cb8\u6b3e\u8cb7\u623f\u7684\u6c11\u773e\u4e5f\u56e0\u70ba\u623f\u5c4b\u50f9\u503c\u4e0b\u6ed1\u800c\u52a0\u5165\u9055\u7d04\u884c\u5217\uff0c\u5176\u5be6\u6b21\u7d1a\u623f\u8cb8\u7684\u501f\u6b3e\u4eba\u672c\u8eab\u5e74\u6536\u5165\u5c31\u4e0d\u7a69\u5b9a\uff0c\u96a8\u8457\u8d8a\u4f86\u8d8a\u591a\u501f\u6b3e\u4eba\u505c\u6b62\u652f\u4ed8\u623f\u5c4b\u8cb8\u6b3e\uff0c\u6cd5\u62cd\u5c4b\u548c\u5f85\u552e\u5c4b\u4e5f\u96a8\u4e4b\u589e\u52a0\uff0c\u5c0e\u81f4\u623f\u50f9\u958b\u59cb\u5d29\u8dcc\u3002<\/p>\n<p>\u6b21\u8cb8\u5371\u6a5f\u9020\u6210\u7f8e\u570b\u570b\u5167\u751f\u7522\u7e3d\u503c\u57282008\u5e74\u7b2c\u56db\u5b63\u4e0b\u6ed1\u4e866.2\uff05\u3001\u7f8e\u570b\u5883\u5167\u5c31\u6709\u7d04500\u842c\u4eba\u5931\u696d\u3001\u91d1\u878d\u696d\u51fa\u73fe\u91cd\u5927\u88c1\u54e1\u3001\u5931\u696d\u7387\u6500\u5347\u81f38.1\uff05\u3002\u9053\u74ca\u6307\u6578\u5f9e2007\u5e7410\u6708\u768414198\u9ede\uff0c\u81f32009\u5e7403\u6708\u8dcc\u5230\u5269\u4e0b6470\u9ede\uff0c\u8dcc\u5e45\u9ad8\u905454.4%\uff0c\u5176\u4e2d\u96f7\u66fc\u5144\u5f1f(Lehman Brothers)\u7533\u8acb\u7834\u7522\u3001\u7f8e\u6797\u88ab\u7f8e\u570b\u9280\u884c\u6536\u8cfc\u3001\u4fdd\u96aa\u5de8\u982dAIG\u63a5\u53d7\u806f\u90a6\u63f4\u52a9\u7b49\uff0c\u91d1\u878d\u6a5f\u69cb\u8207\u6295\u8cc7\u4eba\u640d\u5931\u6158\u91cd\uff0c\u91d1\u878d\u5371\u6a5f\u7206\u767c\u3002<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E8%82%A1%E5%B8%82%E5%B4%A9%E7%9B%A4%E7%9A%84%E5%89%8D%E5%85%86%E7%B5%B1%E6%95%B4\"><\/span><strong>\u80a1\u5e02\u5d29\u76e4\u7684\u524d\u5146\u7d71\u6574<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2884 size-full\" src=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d1.jpeg\" alt=\"\u80a1\u707d\" width=\"1024\" height=\"274\" srcset=\"https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d1.jpeg 1024w, https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d1-300x80.jpeg 300w, https:\/\/sky-mba.com\/wp-content\/uploads\/2021\/05\/\u80a1\u707d1-768x206.jpeg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>A. \u80a1\u5e02\u64cd\u7e31\u6295\u6a5f\u76db\u884c\uff0c\u69d3\u687f\u7387\u8d85\u9ad8\u3002\u6216\u662f\u8aaa\u7576\u4eba\u4eba\u90fd\u5728\u8ac7\u8ad6\u80a1\u7968\u6642\uff0c\u901a\u5e38\u8868\u793a\u8457\u6c11\u773e\u5c0d\u65bc\u5e02\u5834\u6709\u4e00\u5b9a\u8d77\u4f0f\u7684\u6a02\u89c0\u7a0b\u5ea6\uff0c\u6b64\u6642\u5f88\u5bb9\u6613\u5c31\u932f\u4f30\u4e86\u5927\u76e4\u5c40\u52e2\uff0c\u8a8d\u70ba\u53ea\u8981\u6295\u8cc7\u80a1\u5e02\u5c31\u53ef\u4ee5\u5feb\u901f\u589e\u52a0\u7372\u5229\u3002<\/p>\n<p>B. \u80a1\u5e02\u4f30\u503c\u8f03\u9ad8\u3002\u80a1\u5e02\u5e02\u71df\u7387(\u672c\u76ca\u6bd4)\u904e\u9ad8\uff0c\u4f01\u696d\u5be6\u969b\u7372\u5229\u7121\u6cd5\u652f\u6490\u904e\u9ad8\u7684\u5e02\u71df\u7387\uff0c\u6211\u5011\u61c9\u8a72\u4e86\u89e3\u7684\u662f\uff0c\u6f32\u5e45\u904e\u5927\u504f\u96e2\u4e86\u80a1\u5e02\u5be6\u969b\u7684\u50f9\u503c\uff0c\u5c31\u5b58\u5728\u50f9\u683c\u56de\u6b78\u7684\u53ef\u80fd\u3002<\/p>\n<p>C. \u5e02\u5834\u4e0a\u6d41\u52d5\u7684\u8cc7\u91d1\u904e\u65bc\u5145\u6c9b\u3002\u50cf\u662f\u592e\u884c\u6e1b\u606f\uff0c\u6216\u662f\u5916\u8cc7\u5927\u91cf\u6d41\u5165\u7b49\u7b49\u90fd\u53ef\u80fd\u9023\u5e36\u9020\u6210\u5e02\u5834\u8cc7\u91d1\u904e\u65bc\u8c50\u8174\u3002<\/p>\n<p>D. \u623f\u50f9\u56e0\u67d0\u4e9b\u539f\u56e0\u88ab\u7092\u5f97\u904e\u9ad8\uff0c\u623f\u5e02\u5d29\u76e4\u9023\u5e36\u80a1\u5e02\u5d29\u76e4\u3002<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9464557605462141\" crossorigin=\"anonymous\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-9464557605462141\" data-ad-slot=\"4002480412\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\n\u6b77\u53f2\u4e0a\u80a1\u707d\u4e0d\u65b7\u767c\u751f\uff0c\u4eba\u985e\u4e5f\u4e0d\u65b7\u518d\u91cd\u6f14\u8457\u6b77\u53f2\uff0c\u6211\u5011\u4e0d\u6703\u77e5\u9053\u80a1\u707d\u4ec0\u9ebc\u6642\u5019\u4f86\u81e8\uff0c\u5373\u4f7f\u9762\u5c0d\u80a1\u707d\u4f86\u81e8\u4e5f\u7121\u6cd5\u9810\u6e2c\u4ec0\u9ebc\u6642\u5019\u624d\u662f\u80a1\u5e02\u7684\u6700\u4f4e\u9ede\u3002<\/p>\n<p>\u6240\u4ee5\uff0c\u6211\u5011\u80fd\u505a\u7684\u5c31\u662f\u5e73\u6642\u8b39\u614e\u5730\u63a7\u7ba1\u3001\u5206\u6790\u98a8\u96aa\uff0c\u5728\u5e02\u5834\u7030\u6f2b\u8caa\u5a6a\u6642\u6211\u5011\u4fdd\u6301\u5c0d\u5e02\u5834\u7684\u6050\u61fc\uff0c\u5728\u5e02\u5834\u8ff7\u6eff\u6050\u61fc\u6642\u6211\u5011\u5b78\u7fd2\u8caa\u5a6a\uff0c\u7576\u6240\u6709\u4eba\u5c0d\u65bc\u80a1\u5e02\u904e\u5206\u6a02\u89c0\u7684\u6642\u5019\uff0c\u6211\u5011\u5c31\u61c9\u8a72\u8b39\u614e\u6295\u8cc7\uff0c\u5343\u842c\u4e0d\u8981\u53bb\u8ffd\u9ad8\u7092\u80a1\uff0c\u4e5f\u5c31\u662f\u4e0d\u8981\u8cfc\u8cb7\u5e02\u71df\u7387(\u672c\u76ca\u6bd4)\u904e\u9ad8\u7684\u500b\u80a1\uff0c\u5316\u5371\u6a5f\u70ba\u8f49\u6a5f\uff0c\u80a1\u707d\u4f86\u81e8\u6642\u624d\u6b63\u662f\u8070\u660e\u7684\u6295\u8cc7\u4eba\u64ad\u7a2e\u7684\u6642\u5019\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u80a1\u707d\u5e73\u5747 10 \u5e74\u5c31\u6703\u767c\u751f\u4e00\u6b21\uff0c\u6bcf\u6b21\u4f86\u7684\u6642\u5019\u90fd\u8b93\u4eba\u63aa\u624b\u4e0d\u53ca\uff0c\u6295\u8cc7\u8d81\u65e9\u9632\u79a6\u624d\u662f\u6700\u4f73\u7684\u89e3\u6c7a\u65b9\u6cd5\uff0c\u8981\u5982\u4f55\u5efa\u7acb\u9577\u671f\u7406\u8ca1\u6295\u8cc7\u7684\u89c0\u5ff5\uff0c\u80a1\u707d\u4f86\u7684\u6642\u5019\u624d\u4e0d\u6703\u53d7\u91cd\u50b7\uff0c\u53ef\u4ee5\u53c3\u8003\u9019\u7bc7\uff1a<span style=\"text-decoration: underline;\"><a href=\"https:\/\/sky-mba.com\/investment-principles\/\">\u6295\u8cc7\u7406\u8ca1\u6beb\u7121\u65b9\u5411\uff1f\u9075\u5faa 5 \u5927\u6295\u8cc7\u539f\u5247\u5efa\u7acb\u7406\u8ca1\u57fa\u790e\u89c0\u5ff5<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u53c3\u8003\u8cc7\u6599<\/strong><\/p>\n<p><a href=\"https:\/\/george-dewi.com\/stock-market-crash\/#t-1600774934145\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">\u3010\u80a1\u5e02\u5927\u5d29\u76e4\u6709\u4ec0\u9ebc\u524d\u5146\u30115\u500b\u6b77\u53f2\u4e0a\u7684\u91cd\u5927\u80a1\u707d&amp;\u91d1\u878d\u6d77\u562f<\/span><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/histock.tw\/blog\/44415\/547\" target=\"_blank\" rel=\"noopener\">\u8fd1\u671f\u80a1\u707d\u6b77\u53f2\u5e36\u7d66\u6211\u5011\u7684\u98a8\u96aa\u610f\u8b58<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.dailyfxasia.com\/cn\/feaarticle\/20190831-6566.html\" target=\"_blank\" rel=\"noopener\">\u5168\u7403\u80a1\u707d\u6b77\u53f2\u56de\u9867\u8207\u80a1\u5e02\u5d29\u76e4\u524d\u5146\u5206\u6790<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/news.cnyes.com\/news\/id\/4035567\" target=\"_blank\" rel=\"noopener\">\u5fa9\u76e41987\u5e74\u7f8e\u570b\u80a1\u707d\uff1a\u5d29\u76e4\u524d\u591c\u767c\u751f\u4e86\u4ec0\u9ebc\uff1f<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.managertoday.com.tw\/articles\/view\/59494\" target=\"_blank\" rel=\"noopener\">10 \u5929\u65b7 4 \u6b21\uff0c\u7f8e\u80a1\u7194\u65b7\u6a5f\u5236\u662f\u4ec0\u9ebc\u3001\u5982\u4f55\u5f71\u97ff\u4ea4\u6613\uff1f\u4e00\u6b21\u770b\u61c2\u7194\u65b7\u6b77\u53f2\u8207\u73fe\u5728<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.storm.mg\/lifestyle\/2846968?page=1\" target=\"_blank\" rel=\"noopener\">2020\u80a1\u707d\u6703\u4e0d\u6703\u518d\u4f86\uff1f\u5f9e\u6b77\u53f2\u4e0a\u91cd\u5927\u80a1\u707d\u770b\u80a1\u5e02\u5927\u5d29\u76e4\u76845\u500b\u524d\u5146\uff0c\u95dc\u9375\u8b66\u8a0a\u7adf\u5728\u9019\uff01<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/technews.tw\/2020\/03\/23\/3-stock-crashes-in-the-past-10-years\/\" target=\"_blank\" rel=\"noopener\">\u56de\u9867\u904e\u53bb 10 \u5e74 3 \u6b21\u80a1\u707d\uff0c\u6700\u6158\u7684\u4e00\u6b21 4 \u500b\u6708\u8dcc\u6389 28%\uff0c\u6295\u8cc7\u4eba\u53ef\u5f9e\u4e2d\u5b78\u5230\u4ec0\u9ebc\uff1f<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/ws.ndc.gov.tw\/001\/administrator\/10\/relfile\/6243\/21611\/10%E5%85%A8%E7%90%83%E9%87%91%E8%9E%8D%E5%8D%B1%E6%A9%9F%E4%B9%8B%E6%88%90%E5%9B%A0%E3%80%81%E5%BD%B1%E9%9F%BF%E5%8F%8A%E5%9B%A0%E6%87%89.pdf\" target=\"_blank\" rel=\"noopener\">\u5168\u7403\u91d1\u878d\u5371\u6a5f\u4e4b\u6210\u56e0\u3001\u5f71\u97ff\u53ca\u56e0\u61c9<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.big-econ.com\/index.php\/2019\/04\/19\/2008financialcrisis_part1\/\" target=\"_blank\" rel=\"noopener\">2008\u5e74\u91d1\u878d\u98a8\u66b4\u6210\u56e0\u8207\u5f71\u97ff(\u4e0a)<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.big-econ.com\/index.php\/2019\/04\/19\/2008financialcrisis_part2\/\" target=\"_blank\" rel=\"noopener\">2008\u5e74\u91d1\u878d\u98a8\u66b4\u6210\u56e0\u8207\u5f71\u97ff(\u4e0b)<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/udn.com\/news\/story\/6811\/4407728\" target=\"_blank\" rel=\"noopener\">\u65b0\u51a0\u5371\u6a5fvs. 2008\u91d1\u878d\u6d77\u562f \u5dee\u7570\u9762\u9762\u89c0<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.knowledgeatwharton.com.cn\/zh-hant\/article\/3448\/\" target=\"_blank\" rel=\"noopener\">CDO\u6372\u571f\u91cd\u4f86\uff1a\u6703\u5c0e\u81f4\u53e6\u4e00\u5834\u91d1\u878d\u5371\u6a5f\u55ce\uff1f<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/kknews.cc\/zh-tw\/finance\/rb9p38n.html\" target=\"_blank\" rel=\"noopener\">\u91d1\u878d\u5371\u6a5f\u7206\u767c\u768410\u5927\u5fb5\u5146\uff0c\u540c\u6642\u6709\u54ea3\u9805\uff0c\u5c31\u5371\u96aa\u4e86\uff1f<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>\u5ef6\u4f38\u5b78\u7fd2\uff1a<\/p>\n<p><a href=\"https:\/\/www.books.com.tw\/exep\/assp.php\/skyschoolmba\/products\/0010874114?sloc=main&amp;utm_source=skyschoolmba&amp;utm_medium=ap-books&amp;utm_content=recommend&amp;utm_campaign=ap-202111\" target=\"_blank\" rel=\"noopener\">\u50b3\u67d3\u529b\u6cd5\u5247\uff1a\u7db2\u7d05\u3001\u80a1\u707d\u5230\u75be\u75c5\uff0c\u8da8\u52e2\u5982\u4f55\u5d1b\u8d77\u8207\u6d88\u9577<\/a><\/p>\n<pre><a href=\"https:\/\/www.books.com.tw\/exep\/assp.php\/skyschoolmba\/products\/0010898998?sloc=main&amp;utm_source=skyschoolmba&amp;utm_medium=ap-books&amp;utm_content=recommend&amp;utm_campaign=ap-202111\" target=\"_blank\" rel=\"noopener\">\u80a1\u606fCover\u6211\u6bcf\u4e00\u5929\uff1a600\u5f35\u5b58\u80a1\u9054\u4eba\u7d55\u6d3b\u5168\u516c\u958b<\/a><\/pre>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u80a1\u707d\uff0c\u672c\u8cea\u4e0a\u662f\u4e00\u7a2e\u5468\u800c\u5fa9\u59cb\u7684\u793e\u6703\u73fe\u8c61\uff0c\u662f\u6295\u6a5f\u578b\u7684\u6295\u8cc7\u4eba\u6c3e\u6feb\u5728\u5e02\u5834\u4e0a\u6642\u5c31\u6709\u53ef\u80fd\u89f8\u767c\u7684\u80a1\u7968\u5e02\u5834\u5d29\u76e4\uff0c\u800c\u4e14\uff0c\u80a1\u707d\u7684\u767c [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3771,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,11],"tags":[],"_links":{"self":[{"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/posts\/2883"}],"collection":[{"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/comments?post=2883"}],"version-history":[{"count":5,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/posts\/2883\/revisions"}],"predecessor-version":[{"id":6015,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/posts\/2883\/revisions\/6015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/media\/3771"}],"wp:attachment":[{"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/media?parent=2883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/categories?post=2883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sky-mba.com\/wp-json\/wp\/v2\/tags?post=2883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}