新视野大学英语第三版读写教程第三册选词填空及答案(5)

Unit 7

American economy is built on credit. In the last decade, however, cheap credit made it too easy for people to buy houses based on pure speculation that real estate value would end-lessly continue to increase. But the housing 1) slump set off a chain reaction in our economy. Individuals and investors could no longer resell their homes for a quick profit, 2) mortgages no longer became affordable for many homeowners, and thousands of mortgages defaulted(违约), leaving investors and financial institutions to face the terrible consequences. Ironic, isn’t it? Yes, it is true that credit got us into this mess. But it i s also true that our economy is 3) incredibly unstable right now, and being that it is built on credit, it needs an inflow of cash or it could come 4) crashing down. This is something no one wants to see as it would 5) spread through our economy and into the world markets in a matter of hours, potentially causing a worldwide recession. Credit in and of itself is not a bad thing. Credit 6) promotes growth and jobs. Poor use of credit, however, can be 7) catastrophic which is what we are on the 8) verge of seeing now. So long as the rescue plan comes with changes to lending regulations and more 9) oversight of the industry, there is potential to 10) stabilize the market, which is what everyone wants. Whether or not it works is to be seen , but as it has already been voted on and passed, we should all hope it does.

美国经济是建立在信用基础上的。然而在过去十年中，廉价的信贷，使得人们购买基于纯粹的猜测，房地产价值将无休止地继续增加房屋太容易了。但是，房地产的衰退引发了我们经济的连锁反应。个人投资者不能转售他们家快速获利，贷款不再成为负担得起的许多房主，和成千上万的抵押贷款违约（违约），使投资者和金融机构面临可怕的后果。讽刺的是，不是吗？是的，的确是信用让我们陷入困境。但是，我们的经济现在确实非常不稳定，而且它是建立在信贷基础上的，它需要现金流入，否则就会崩溃。这是没有人希望看到的，因为它将在数小时内蔓延到我们的经济和世界市场，可能导致全球经济衰退。信用本身并不是一件坏事。信贷促进增长和就业。然而，信贷的不良使用可能是灾难性的，而这正是我们现在所看到的。只要救市计划改变了贷款规则，对行业进行更多的监管，市场就有可能稳定，这是每个人都想要的。它是否有效是可以看到的，但是既然它已经被投票通过了，我们都应该希望它能成功。

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