Remember all that talk of “decoupling”? That was the idea that the stock markets of fast-growing economies, particularly in Asia, would no longer be beholden to Wall Street’s every move. They would better reflect the attractive characteristics of their home countries and soar – while western markets drowned in a soup of huge debts, worsening demographics and burdensome regulation.
還記得「脫鉤論」嗎？這個觀點是指，快速成長的經濟體、特別是亞洲的股市不再受到華爾街(Wall Street)行情的牽制。這些經濟體的股市將更好地反映當地市場的吸引力，會出現猛漲。同時，西方市場卻深陷債務沉重、人口結構惡化和監管負擔繁重的泥潭。
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