VOA标准英语2010年-Economist Says Market Jitters Exaggera

Despite falling 140 points before the market opened, because of disappointing corporate¹ earnings², the Dow Jones Industrial Average closed more than half a percent higher on Tuesday.  A Wall Street economist³ says the mixed signals reflect an exaggerated unease about the slow pace of recovery in the U.S. and around the world.  But he says the global economic recovery is in no danger of jumping off the tracks.

Investor⁴ pessimism⁵ was high even before markets opened in the US.
A Commerce Department report showing that new home construction fell to an eight-month low in June - only added to the unease.

But key indexes rose sharply as the day wore on.

 

Chief economist Peter Cardillo at Avalon Partners blamed uncertainty⁶ for the market volatility⁷.

"The market is basically focusing on the fact that the economy has slowed," said Peter Cardillo. "The question is how slow is slow and what does it mean for future earnings going forward. "

Despite what he calls overblown fears of a double-dip recession, Cardillo predicts the U.S. economy will grow between two and a half to three percent for the second half of the year. 

As for worries about a larger debt crisis in Europe:

"The EU is certainly not in danger of disintegrating," said Cardillo. "I don't believe that the euro is in trouble.  There are problems but they are short-term problems and they've been over-exaggerated by the market."

And despite new signs that China's economy is slowing down, Cardillo says the rest of the global economy is doing just fine.

"I think Asia is doing well, South America is doing well and believe it or not, there's certain parts of Africa that have kicked in, so the global economy is doing fine," he said.

But Cardillo says that's not to say that all is well on the financial front.  He is worried about the impact Wall Street Reform will have on big investment firms, once the president signs the bill into law on Wednesday.

With U.S. unemployment near double digits⁸, Cardillo cautions the Obama administration to tone down its rhetoric⁹ against Wall Street - something political analysts¹⁰ say is unlikely with U.S. mid-term elections only months away.

 

1 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

2 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

3 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

4 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

5 pessimism   

n.悲观者，悲观主义者，厌世者

参考例句：

• He displayed his usual pessimism.他流露出惯有的悲观。
• There is the note of pessimism in his writings.他的著作带有悲观色彩。

6 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

7 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。

8 digits   

n.数字( digit的名词复数 )；手指，足趾

参考例句：

• The number 1000 contains four digits. 1000是四位数。 来自《简明英汉词典》
• The number 410 contains three digits. 数字 410 中包括三个数目字。 来自《现代英汉综合大词典》

9 rhetoric   

n.修辞学，浮夸之言语

参考例句：

• Do you know something about rhetoric?你懂点修辞学吗？
• Behind all the rhetoric,his relations with the army are dangerously poised.在冠冕堂皇的言辞背后，他和军队的关系岌岌可危。

10 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。