高盛：环球每周经济评论

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01.10　 英文　　.pdf　　　January 10, 2007

Global Economics Weekly：Liquidity and Valuation—Less Excess Than Feared

Goldman Sachs Economic Research： Global Economics Weekly

In our first Global Economics Weekly of 2007, we look at one of the principal global concerns—the sustainability of current buoyant financial conditions. We suggest that the considerable liquidity in today’s markets,combined with relatively inexpensive valuations, is not a sign of excess, but rather a result of the extraordinarily favourable global economic climate．．．．