Investing in Emerging Markets
投资新兴市场
对话 Dialogue
Dad, I’d like to borrow some money.
爸，我想借点钱。
Sure, Johnny, how much do you need? Five bucks?
行啊，小强，要多少？五块？
Come on, Dad, I need thirty thousand. I wanna get into the market. You know, I’m tired of hearing all this news about the economic downturn, the inevitable recession, people stuffing their money in their mattresses. I look at this as an opportunity. This is a chance for me to get a jump start on building my nest egg.
爸，别闹了，我需要三万块。我想进股市。您知道吗，我天天听新闻说什么经济下行、衰退难免，大家都把钱塞床垫底下。我觉得这是个机会，正好让我提前攒点养老钱。
I don’t know about that; with all the uncertainty in the markets right now, it would be a very unwise decision to invest. I don’t know if you’re aware son, but there has been a lot of turmoil in the markets recently. There have already been half a million layoffs in the last few months, and we have no idea how the proposed stimulus package will impact the economy. There’s too much instability. I wouldn’t just feel comfortable investing in this climate.
这我可拿不准；现在市场这么不确定，投资可不是明智之举。儿子，你知不知道最近市场动荡得很厉害？这几个月已经有五十万人失业了，那个刺激方案到底能起多大作用谁也不知道。太不稳定了，这种环境下我可不敢投。
But look at it this way, every challenge is an opportunity. And anyway, I’m not talking about investing in the domestic market. There are emerging markets that promise great returns. Look at China, for example; they have 1.4 billion people, half a billion of whom have recently entered the middle class. Here alone, the aggregate demand for consumer goods rePresents an amazing wealth generating opportunity.
但您换个角度想，每个挑战都是机会。再说，我说的不是投国内市场。有些新兴市场回报可高了。比如中国，十四亿人，有五亿刚步入中产。单凭消费品需求，就藏着巨大的财富机会。
Come on, son, you’re looking at this too naively, the Chinese market has exhibited a great deal of instability, and their currency has been devalued by almost a whole percentage point.
行了，儿子，你想得太简单了。中国市场波动很大，而且他们货币都快贬值一个百分点了。
Fine, then! If that’s the way you feel, so be it. But you’re losing out on a great opportunity here. I’m going to go hit up Mum for the cash.
行吧！您要这么想，那就这样吧。不过您可是错过了一个大机会。我找我妈要钱去。
完整节目 Full Program
Hello English learners! Welcome back to EnglishPod! My name is Marco.
And I’m Erica.
We’re bringing you an advanced lesson today.
That’s right, an advanced lesson where we talk about investing in emerging markets.
Right, so, it’s kind of a business topic, it’s kind of a world topic as well.
Yes.
And it’s pretty difficult.
Yeah, it is really hard.
Right, so, if you’re listening and you don’t understand everything, please don’t get discouraged, don’t, uh, worry about, because we are here to learn.
Yes, and we’re here to help you.
Right.
Uhu.
So, let’s get started with this. I’m really excited about this lesson.
Yeah, okay, well, Marco, maybe you can tell us a little bit what is an emerging market?
An emerging market is a market that is starting to develop.
Okay.
And it’s growing rapidly.
So, you can maybe give some examples of… emerging market?
Well, for example, China is an emerging market.
Yeah.
In the last years it’s been growing rapidly.
More and more people are… are moving to the middle class and have money to spend.
Right, exactly.
Uhu.
So, China’s like a really great example of an emerging market.
Alright, well, with that let’s listen to the dialogue for the first time.
Well, it sounds like the dad has missed out on a really big investment opportunity, hey?
Yeah, his… and his son is pretty smart.
Yeah.
Hehe. Pretty smart little boy.
Aha.
Okay, so, we have, uh, some great words that we wanna look at here.
Uhu.
Why don’t we start with the first one – turmoil.
Turmoil.
Turmoil.
Turmoil.
So, we have some great examples of… how turmoil is used in different sentences, so…
Uhu.
Let’s listen. Voice: Example one.
With the civil war, a famine and inflation the country has been in turmoil for ten years. Voice: Example two.
There’s been a lot of turmoil in my life recently: I’ve moved to new city, I’ve change my job, I broke up with my girlfriend. Voice: Example three.
The devaluation of the dollar caused the great deal of turmoil in the markets.
So, turmoil is a state of…
Of uncertainty, of change, of difficult times.
A little bit of chaos…
Yeah.
Some sort of, yeah.
Yeah, yeah. So, for example when there’s a lot of turmoil in the market that means stock prices are changing drastically from day to day.
Right, or the economy is in turmoil, it… there’s a lot of problems going on.
Yeah, uncertainty.
Uncertainty. Okay.
Uhu.
Good word. Alright, and we also saw something really interesting in the dialogue…
Yes.
About a proposed stimulus package.
A proposed stimulus package.
So, a proposed stimulus package is something that’s going on now.
Yes, let’s break this phrase down.
Uhu.
So, we’ve got stimulus package.
A stimulus package, uh, something to stimulate the economy, right?
Right. So, money from the government to get the economy moving.
To get it moving.
Aha.
Stimulus package.
Proposed.
It means that it hasn’t been approved yet.
Right, it’s suggested.
It’s suggested.
Uhu.
It’s an idea.
Uhu.
So, the proposed stimulus package for the US economy, for example, is a hundred and fifty billion dollars.
Right, it’s a hundred and fifty billion dollars of American taxpayers money that the government wants to put into the economy to keep it moving.
To keep it moving, right. So, if it works or not, that’s still a debate, but…
Yeah.
Hehe. It’s a proposed stimulus package.
Let’s move to our third phrase - aggregate demand.
Aggregate demand.
Aggregate demand.
Aggregate demand.
So, demand is pretty clear, but this word aggregate, what’s that about?
Aggregate is like, uh, combined, added.
Yeah.
Right?
Yeah.
Aggregate demand. For example, in a country like China…
Uhu.
Where cities like in… Shanghai or cities like Beijing…
Yeah.
Where more and more people are accumulating wealth…
Uhu.
The aggregate demand is increasing.
Right. Right, the combined demand for consumer goods is growing.
Right.
Uhu.
More people more… have more money, so they’re spending more.
Yes.
Okay.
You know, Marco, there’s a ton of excellent language in this dialogue, isn’t there?
Yeah, a lot of good stuff here.
Yeah, and we wanna listen to the dialogue one more time, but before we do, we have three words for you that we want you to listen for.
Yeah, pay attention to these words: nest egg.
Nets egg.
Inevitable.
Inevitable.
And hit up.
Hit up.
So, from the context of the dialogue try and see if you can figure out what they mean, but after listening to it we’ll come back and explain it anyways.
So, the kid wants to invest, because he wants to set up his nest egg.
That’s right, so, basically, he wants to get a bunch of cash together, so that he can buy a house or get married or…
Uh.
Whatever. It’s that… it’s the money you need to start your life, right?
To start your life; your nest egg.
Uhu.
It’s kind of a weird way of referring to this money, right?
I guess it is kind of funny.
Hehe. And also the little boy talked about an inevitable recession.
Yes, inevitable.
Inevitable.
Inevitable basically means, uh, unavoidable.
Right.
So, this guy thinks that the recession is unavoidable.
It’s gonna happen.
Yes, inevitable. You know, this word inevitable. If you apply the root word, you can get a noun, an adjective or an adverb, right?
Right.
So, we’ve got some examples where you can see this word in action. Voice: Example one.
Jason knew he was going to get laid off, but he was trying to delay the inevitable. Voice: Example two.
As a new manager, it’s inevitable that you’re going to make mistakes. Voice: Example three.
Inevitably, we’ll all die at the end of our lives.
So, as you can see, the noun and adjective form are the same.
Yes, inevitable.
Inevitable. When we use it as an adverb though, we add the “-ly” to it.
Inevitably.
Inevitably.
Yes.
So, yeah, as you can see, we could use it in many different ways depending on what we wanna say.
Right, well, inevitably, we have to move on to our third word.
Hit up.
Hit up.
So, he says he’s going to hit up Mom for the cash.
Ask his Mom.
Yeah, hit up.
Yeah, this is kind of a slangy term, isn’t it?
Yeah, it’s a… it’s more informal…
Yeah.
Uh, a l… a lot more slangy, yeah.
We… we wouldn’t really use it with your boss, would you?
No, you’re not gonna go up to your boss and say “hey, I need to hit you up for some cash”.
No.
Hehe.
So, Marco, I think this word is only applying to money, right?
Well, you wouldn’t go up to your boss and say “oh, I need to hit you up for… some vacation time”.
No, it’s typically used like…
For money.
For money.
In this context, yeah.
Yeah, yeah.
Hit ’em up.
We’ve got some examples of the phrase hit up. Let’s listen. Voice: Example one.
I’m gonna hit up the boss for a raise. Voice: Example two.
Are you trying to hit me up for money? Voice: Example three.
Oh, I don’t have any cash. Have you tried hitting up Sophie? She’s rich.
Okay, so, this is our first Advanced lesson. I hope you enjoyed it. It is a lot more challenging, I think.
Yes.
Especially, because it’s said in a business context, so, ??? So, we have a lot of specific words and a lot of technical vocabulary.
That’s right. Marco, you’re exactly right and I think that our users are gonna have a lot questions about the language in this… in this lesson. So, I’d like to invite you guys to come to our website at englishpod.com.
Exactly, where you can leave all your questions and comments and we’ll be there to answer them.
Yes.
But until then it’s…
Good bye!
Bye!
复习 Review
The English part audio review.
Listen to the meaning, then say the vocabulary word, unavoidable, inevitable, money that is
saved to pay for something in the future, usually a house or retirement.
Nest egg.
A state of confusion, disorder, disturbance, turmoil,
amount of money the government uses to improve the economy.
Stimulus package.
State of not being stable, being likely to change.
Nations undergoing quick industrialization.
Emerging market.
Combined.
Unavoidable, inevitable, ask for money, hit up, amount of money the government uses
to improve the economy.
Stimulus package.
State of not being stable, being likely to change.
Money that is saved to pay for something in the future, usually a house or retirement.
Nest egg.
A state of confusion, disorder, disturbance, turmoil, state of not being stable, being likely to change.
A state of confusion, disorder, disturbance, turmoil, state of not being stable, being
likely to change.
A state of confusion, disorder, disturbance, turmoil, unavoidable, inevitable, reduced
in value, devalue.
Nations undergoing quick industrialization.
Emerging market.
State of not being stable, being likely to change.
Nations undergoing quick industrialization.
Emerging market.
Now say the word and hear it in a sentence.
Inevitable.
Jason knew he was going to get laid off, but he was trying to delay the inevitable.
Nest egg.
I invested in the stock market five years ago and built a nice nest egg.
Term oil.
With a civil war, a famine, and inflation, the country has been in turmoil for ten years.
Emerging market.
The man for luxury goods is growing quickly in emerging markets like China, devalue.
The currency has been devalued by nearly forty percent.
Hit up.
I'm going to hit up the boss for a raise.
Inevitable.
Jason knew he was going to get laid off, but he was trying to delay the inevitable.
Emerging market.
Demand for luxury goods is growing quickly in emerging markets like China, devalue.
The currency has been devalued by nearly forty percent.
Hit up.
I'm going to hit up the boss for a raise.