The whole world can’t recover all of the enthusiasm of a few years ago from feedback alone, for there is a giant coordination problem: we are not all attentive to price increases at the same time, so we make decisions to buy at very different times. As a result, things happen slowly, and, meanwhile, more bad news may be revealed.
世界不可能仅仅通过人们的反应，就使几年前所有的激情得到恢复，因为这里有一个巨大的协同问题：现在不是所有的人都在同时关注股票价格的上涨，所以，人们会在不同的时间作出购买股票的决定。因此，事情的发展就很缓慢，同时，更多的坏消息也可能会被披露出来。