When a stock-market boom reaches historic proportions, a story always develops to rationalize it. The news media typically present reasons to justify the view that the economy has entered a “new era.”
股市繁荣创下历史记录的时刻，总会有报道称这一切都是理所当然。新闻媒体通常会搜罗原因，来证明经济发展已经步入了“新的阶段”。有时这种报道纯属为市场乐观情绪提供依据的胡编乱造，20世纪90年代的股市繁荣就是如此。但还有些时候，这样的报道似乎颇有根据。