translation.en: Well, perhaps because, in the last 15 years we have come out of our ivory tower, and started to publish ex ante -- and I stress the term ex ante, it means "in advance" — before the crash confirmed the existence of the bubble or the financial excesses.
translation.zh: 因为在过去的15年里， 我们走出了象牙塔， 并开始“事前”发表， 这里我要特别强调“事前”二字，也就是预先发表 可能存在的经济泡沫或金融过剩， 而事后大崩盘确认了这点。