As they saw it, no matter how high stock prices rose relative to profits, or no matter how high house prices rose relative to rents, regulators deferred to the collective wisdom of the market.

 
  • 在他們看來(lái),不管股票價(jià)格相對于公司利潤上升的有多高,抑或無(wú)論房屋價(jià)格相對于房租水平攀升的有多高,監管者都應該順從市場(chǎng)的集體智慧。
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