1. The resulting steep decline in the property and stock markets led to a contraction of asset values and severely dampened consumer spending. 
   这些因素，促使股票和地产价格急跌，令市民资产萎缩，大大降低消费意欲。
2. No doubt, the Singapore stock market has risen by about 55% over the last six months and is the best performing asset class now;  
   毫无疑问的，新加坡股票市场已经在过去六个月里涨了大约55%，是表现最优异的资产等级；
3. (The writer is Investment Manager of Aberdeen Asset Management. This column has the support of Investment Management Association of Singapore and the Stock Exchange of Singapore. ) ]] 
   （作者是安本信托基金管理公司的投资经理。本栏是新加坡投资管理协会与股票交易所联办的公众教育计划。）
4. (The writer is Investment Manager of Tat Lee Asset Management Limited.This column is a public education program sponsored by the Stock Exchange of Singapore and the Investment Management Association of Singapore)  
   （作者是达利资金管理公司的投资经理。本栏是新加坡股票交易所和新加坡投资管理协会联办的公众教育计划。）
5. That has created an economic downturn and the fact is that when you defend a currency the result would be asset price deflation, deflation in the value of land, homes, as well as the stock market. 
   事实上，要保持币值稳定，必会导致资产价格、土地价值、房屋价值和股票价格下降。

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