{"id":62629,"date":"2025-01-13T23:56:00","date_gmt":"2025-01-13T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=62629"},"modified":"2025-03-17T20:06:11","modified_gmt":"2025-03-17T12:06:11","slug":"%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/","title":{"rendered":"\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\u5f8c\u6703\u767c\u751f\u4ec0\u9ebc\u60c5\u6cc1\uff1f"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E7%BE%8E%E8%82%A1%E9%80%A3%E5%85%A9%E5%B9%B4%E5%87%BA%E8%89%B2%E7%9A%84%E8%A1%A8%E7%8F%BE\" >\u7f8e\u80a1\u9023\u5169\u5e74\u51fa\u8272\u7684\u8868\u73fe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E6%A8%99%E6%99%AE500%E6%8C%87%E6%95%B8%E6%80%8E%E9%BA%BC%E4%BE%86%E7%9A%84%EF%BC%9F\" >\u6a19\u666e500\u6307\u6578\u600e\u9ebc\u4f86\u7684\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E5%8F%AF%E6%9B%BE%E7%99%BC%E7%94%9F%E9%81%8E%EF%BC%9F\" >\u53ef\u66fe\u767c\u751f\u904e\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E9%80%99%E5%85%A9%E6%AE%B5%E6%9C%9F%E9%96%93%E7%9A%84%E6%85%98%E7%97%9B%E5%9B%9E%E6%86%B6\" >\u9019\u5169\u6bb5\u671f\u9593\u7684\u6158\u75db\u56de\u61b6<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#1935%E5%B9%B4%E8%87%B31941%E5%B9%B4\" >1935\u5e74\u81f31941\u5e74<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#1995%E5%B9%B4%E8%87%B32000%E5%B9%B4\" >1995\u5e74\u81f32000\u5e74<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E7%B5%90%E8%AA%9E\" >\u7d50\u8a9e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E8%82%A1%E9%80%A3%E5%85%A9%E5%B9%B4%E5%87%BA%E8%89%B2%E7%9A%84%E8%A1%A8%E7%8F%BE\"><\/span>\u7f8e\u80a1\u9023\u5169\u5e74\u51fa\u8272\u7684\u8868\u73fe<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>2023\u548c2024\u5e74\uff0c\u7f8e\u80a1\u7684\u8868\u73fe\u975e\u5e38\u4eae\u9e97\uff0c\u51fa\u73fe\u4e86\u5c11\u6709\u7684\u9023\u7e8c\u5169\u5e74\u4ee3\u8868\u7f8e\u80a1\u7684\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u7684\u5831\u916c\u7387\u90fd\u8d85\u904e20%\u3002\u6295\u8cc7\u4eba\u7576\u7136\u5f88\u958b\u5fc3\uff0c\u4f46\u8a31\u591a\u6295\u8cc7\u4eba\u5f88\u597d\u5947\u300c\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\u5f8c\u6703\u767c\u751f\u4ec0\u9ebc\u60c5\u6cc1\uff1f\u300d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%A8%99%E6%99%AE500%E6%8C%87%E6%95%B8%E6%80%8E%E9%BA%BC%E4%BE%86%E7%9A%84%EF%BC%9F\"><\/span>\u6a19\u666e500\u6307\u6578\u600e\u9ebc\u4f86\u7684\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1920\u5e74\u4ee3\uff0c<a href=\"https:\/\/www.spglobal.com\/\" target=\"_blank\" rel=\"noopener\">\u6a19\u6e96\u666e\u723e\u516c\u53f8<\/a>\u5c31\u958b\u59cb\u71df\u904b\u591a\u500b\u6307\u6578\uff0c\u5305\u62ec\u5de5\u696d\u3001\u904b\u8f38\u3001\u516c\u7528\u4e8b\u696d\u8207\u91d1\u878d\u7b49\u80a1\u7968\u6307\u6578\u30021957\u5e743\u67084\u65e5\uff0c\u516c\u53f8\u6c7a\u5b9a\u5c07\u4e0a\u52174\u500b\u6307\u6578\u5408\u800c\u70ba\u4e00\uff0c\u6210\u70ba\u73fe\u5728\u5927\u5bb6\u770b\u5230\u5305\u62ec500\u5bb6\u5927\u578b\u7f8e\u80a1\u4e0a\u5e02\u4f01\u696d\u80a1\u7968\u7684\u6a19\u666e500\u6307\u6578\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8F%AF%E6%9B%BE%E7%99%BC%E7%94%9F%E9%81%8E%EF%BC%9F\"><\/span>\u53ef\u66fe\u767c\u751f\u904e\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u6839\u64da\u6211\u7684\u8cbc\u6587\u4e2d\u7684\u6578\u5b57\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/11\/%e6%a8%99%e6%99%ae500%ef%bc%8c%e9%82%a3%e6%96%af%e9%81%94%e5%85%8b%ef%bc%8c%e9%81%93%e7%93%8a%ef%bc%8c%e8%b2%bb%e5%9f%8e%e5%8d%8a%e5%b0%8e%e9%ab%94%e6%8c%87%e6%95%b8%e6%88%90%e7%ab%8b%e4%bb%a5\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e00\u5f35\u8868\u6bd4\u8f03\u6a19\u666e500\uff0c\u90a3\u65af\u9054\u514b\uff0c\u9053\u74ca\uff0c\u8cbb\u57ce\u534a\u5c0e\u9ad4\u6307\u6578\u6210\u7acb\u4ee5\u4f86\u6b77\u5e74\u5831\u916c\u6578\u5b57\u548c\u5e74\u5316\u5831\u916c\u7387<\/a>\u300b\uff0c1957\u5e74\u6a19\u666e500\u6307\u6578\u6b63\u5f0f\u767c\u884c\u4ee5\u4f86\uff0c\u6b77\u53f2\u4e0a\u7684\u78ba\u53ea\u767c\u751f\u904e\u4e00\u56de\u3002<\/p>\n\n\n\n<p>\u4f46\u82e5\u75311920\u5e74\u4ee3\u7b97\u81f31956\u5e74\uff0c\u7531\u6a19\u6e96\u666e\u723e\u6240\u71df\u904b\u7684\u5de5\u696d\u3001\u904b\u8f38\u3001\u516c\u7528\u4e8b\u696d\u8207\u91d1\u878d\u7b49\u6307\u6578\uff0c\u5c07\u9019\u6bb5\u671f\u9593\u56de\u6eaf\u9084\u539f\u6240\u5efa\u7acb\u7684\u6a19\u666e500\u6307\u6578\u4e5f\u5217\u5165\u8003\u616e\u7684\u8a71\uff0c\u60c5\u6cc1\u5c31\u4e0d\u540c\u4e86\u3002<\/p>\n\n\n\n<p><em><strong>\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u4e0a\u6f32\u8d85\u904e20%\u60c5\u5f62\u767c\u751f\u904e\u5169\u6b21<\/strong><\/em>\u3002\u90a3\u4e0a\u6f32\u8d85\u904e20%\u5f8c\uff0c\u63a5\u8457\u6703\u767c\u751f\u4ec0\u9ebc\u60c5\u6cc1\u5462\uff1f<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%99%E5%85%A9%E6%AE%B5%E6%9C%9F%E9%96%93%E7%9A%84%E6%85%98%E7%97%9B%E5%9B%9E%E6%86%B6\"><\/span>\u9019\u5169\u6bb5\u671f\u9593\u7684\u6158\u75db\u56de\u61b6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u90a3\u6642\u5019\u7684\u60c5\u5f62\uff0c\u6211\u70ba\u5927\u5bb6\u56de\u61b6\u5982\u4e0b\uff1a<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1935%E5%B9%B4%E8%87%B31941%E5%B9%B4\"><\/span>1935\u5e74\u81f31941\u5e74<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\u5e74\u5ea6<\/td><td>\u6a19\u666e500\u6307\u6578\u5e74\u5ea6\u56de\u5831\u767e\u5206\u6bd4<\/td><\/tr><tr><td>1941<\/td><td>-17.86%<\/td><\/tr><tr><td>1940<\/td><td>-15.29%<\/td><\/tr><tr><td>1939<\/td><td>-5.45%<\/td><\/tr><tr><td>1938<\/td><td>25.21%<\/td><\/tr><tr><td>1937<\/td><td>-38.59%<\/td><\/tr><tr><td>1936<\/td><td>27.92%<\/td><\/tr><tr><td>1935<\/td><td>41.37%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>1937 \u5e74\u5e95\uff0c\u7f8e\u570b\u80a1\u5e02\u7d93\u6b77\u4e86\u5927\u5e45\u4e0b\u8dcc\uff0c\u9019\u662f 1938 \u5e74\u5927\u90e8\u5206\u6642\u9593\u6301\u7e8c\u7684\u66f4\u5927\u898f\u6a21\u7d93\u6fdf\u8870\u9000\u7684\u4e00\u90e8\u5206\u3002<\/p>\n\n\n\n<p>\u9019\u6b21\u7d93\u6fdf\u8870\u9000\u88ab\u7a31\u70ba 1937-1938 \u5e74\u7d93\u6fdf\u8870\u9000\uff0c\u662f\u7f8e\u570b 20 \u4e16\u7d00\u7b2c\u4e09\u56b4\u91cd\u7684\u7d93\u6fdf\u8870\u9000\u3002\u7d93\u6fdf\u8870\u9000\u662f\u7531\u591a\u7a2e\u56e0\u7d20\u9020\u6210\u7684\uff0c\u5305\u62ec\uff1a\u653f\u5e9c\u767c\u51fa\u7684\u653f\u7b56\u76ee\u6a19\u8a0a\u865f\u6df7\u4e82\u3001\u8ca8\u5e63\u4f9b\u7d66\u91cf\u6536\u7e2e\u3001\u4ee5\u53ca\u7dca\u7e2e\u6027\u8ca1\u653f\u653f\u7b56\u3002<\/p>\n\n\n\n<p>\u7f8e\u80a1\u66fe\u57281938\u5e74\u77ed\u66ab\u56de\u5347\u4e00\u5e74\uff0c\u63a5\u8457\u90233\u5e74\u662f\u8ca0\u5831\u916c\uff0c\u5fc5\u9700\u7b491942\u5e74\u624d\u53c8\u56de\u5230\u6b63\u5831\u916c\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1995%E5%B9%B4%E8%87%B32000%E5%B9%B4\"><\/span>1995\u5e74\u81f32000\u5e74<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\u5e74\u5ea6<\/td><td>\u6a19\u666e500\u6307\u6578\u5e74\u5ea6\u56de\u5831\u767e\u5206\u6bd4<\/td><\/tr><tr><td>2000<\/td><td>-10.14%<\/td><\/tr><tr><td>1999<\/td><td>19.53%<\/td><\/tr><tr><td>1998<\/td><td>26.67%<\/td><\/tr><tr><td>1997<\/td><td>31.01%<\/td><\/tr><tr><td>1996<\/td><td>20.26%<\/td><\/tr><tr><td>1995<\/td><td>34.11%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u7dca\u63a5\u8457\u5c31\u662f\u7db2\u8def\u6ce1\u6cab\u5316\uff0c\u52a0\u4e0a2001\u5e749\u6708\u7684911\uff0c\u7f8e\u80a1\u5728\u6574\u500b2000\u81f32010\u9019\u5341\u5e74\uff0c\u8868\u73fe\u4e4f\u529b\u3002<\/p>\n\n\n\n<p>\u4e0d\u8a08\u5165\u901a\u81a8\u7684\u5f71\u97ff\uff0c\u6a19\u6e96\u666e\u723e\u53c8\u82b1\u4e86\u56db\u5e74\u6642\u9593\u624d\u56de\u52302000\u5e74\u9054\u5230\u7684\u9ad8\u9ede\uff0c\u800c\u90a3\u65af\u9054\u514b\u6307\u6578\u76f4\u52302015\u5e743\u6708\u624d\u5b8c\u5168\u6062\u5fa9\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B5%90%E8%AA%9E\"><\/span>\u7d50\u8a9e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\u5171\u767c\u751f\u904e\u5169\u6b21\uff0c\u7d50\u679c\u90fd\u5f88\u60b2\u6158\uff0c\u9020\u6210\u7f8e\u80a1\u6301\u7e8c\u591a\u5e74\u8868\u73fe\u4e0d\u4f73\u3002\u8b49\u660e\u4fd7\u8afa\u8aaa\u80a1\u50f9\u4e0d\u53ef\u80fd\u9577\u5230\u5929\u4e0a\uff0c\u5c45\u5b89\u5f97\u601d\u5371\u662f\u6709\u9053\u7406\u7684\u3002<\/p>\n\n\n\n<p><strong>\u8a3b<\/strong>\uff1a\u80a1\u7968\u5e02\u5834\u4e0a\u6f3220%\u4ee3\u8868\u662f\u725b\u5e02\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"140\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2025\/01\/rally2y-Custom.jpg\" alt=\"\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\" class=\"wp-image-62649\"\/><figcaption class=\"wp-element-caption\">credit: The Barron&#8217;s<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/11\/%e9%9d%9e%e7%90%86%e6%80%a7%e7%b9%81%e6%a6%ae%e6%8c%87%e6%a8%99\/\">\u975e\u7406\u6027\u7e41\u69ae\uff08Irrational Exuberance\uff09\u6307\u6a19<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/01\/13\/%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e5%a0%b1%e9%85%ac%e9%80%a3%e5%85%a9%e5%b9%b4%e8%b6%85%e9%81%8e%e4%bb%a3%e8%a1%a8%e7%89%9b%e5%b8%82%e7%9a%8420\/\">\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\u5f8c\u6703\u767c\u751f\u4ec0\u9ebc\u60c5\u6cc1\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/01\/02\/%e7%94%b1%e9%81%8e%e5%8e%bb%e7%99%be%e5%b9%b4%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8%e8%a1%a8%e7%8f%be%ef%bc%8c%e7%9c%8b%e6%ac%a1%e5%b9%b4%e8%a1%a8%e7%8f%be\/\">\u7531\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u6307\u6578\u8868\u73fe\uff0c\u770b\u6b21\u5e74\u7684\u8868\u73fe<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/09\/11\/%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8%e5%b9%b4%e5%8c%96%e5%a0%b1%e9%85%ac%e7%8e%87%e6%9f%a5%e8%a9%a2%e5%99%a8\/\">\u6a19\u666e500\u6307\u6578\u5e74\u5316\u5831\u916c\u7387\u67e5\u8a62\u5668<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/01\/31\/%e5%b7%b4%e8%8f%b2%e7%89%b9%e7%9a%84%e8%82%a1%e7%a5%a8%e6%8a%95%e8%b3%87%e7%b5%84%e5%90%88%e5%a0%b1%e9%85%ac%e7%8e%87\/\">\u5df4\u83f2\u7279\u7684\u80a1\u7968\u6295\u8cc7\u7d44\u5408\u5831\u916c\u7387\uff0c\u6ce2\u514b\u590f\u80a1\u50f9\uff0c\u6a19\u666e500\u6b77\u5e74\u7684\u6295\u8cc7\u5831\u916c\u7387\u6bd4\u8f03<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/10\/31\/%e6%a8%99%e6%99%ae500%e6%ad%b7%e5%b9%b4%e6%9c%ac%e7%9b%8a%e6%af%94%e5%92%8c%e5%b9%b3%e5%9d%87%e5%80%bc%e6%9f%a5%e8%a9%a2\/\">\u7f8e\u80a1\u672c\u76ca\u6bd4\u5728\u904e\u53bb\u4e00\u500b\u4e16\u7d00\u4e00\u76f4\u5728\u7de9\u6162\u4e0a\u5347\u4e2d\uff0c\u6a19\u666e500\u6307\u6578\u6b77\u5e74\u672c\u76ca\u6bd4\u548c\u5e73\u5747\u503c\u67e5\u8a62\u5668<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/01\/08\/2022%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8%e7%9a%84%e6%88%90%e4%bb%bd%e8%82%a1%e8%a1%a8%e7%8f%be\/\">2022\u5e74\u6a19\u666e500\u6307\u6578\u7684\u6210\u4efd\u80a1\u8868\u73fe<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/10\/23\/%e6%a8%99%e6%99%ae500%e6%8c%87%e6%95%b8%e5%92%8c%e9%82%a3%e6%96%af%e9%81%94%e5%85%8b100%e6%8c%87%e6%95%b8%e7%9a%84%e5%84%aa%e5%8a%a3%e6%af%94%e8%bc%83\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6a19\u666e500\u6307\u6578\u548c\u90a3\u65af\u9054\u514b100\u6307\u6578\u7684\u512a\u52a3\u6bd4\u8f03\uff0c\u5982\u4f55\u9078\u64c7\u5927\u76e4\u6307\u6578\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/07\/25\/%e5%94%af%e4%b8%80%e5%80%bc%e5%be%97%e6%b0%b8%e4%b9%85%e6%8c%81%e6%9c%89%e7%9a%84%e8%82%a1%e7%a5%a8\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u6a19\u666e500\u6307\u6578\uff0c\u552f\u4e00\u503c\u5f97\u6c38\u4e45\u6301\u6709\u7684\u80a1\u7968<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/08\/11\/%e6%a8%99%e6%99%ae500%ef%bc%8c%e9%82%a3%e6%96%af%e9%81%94%e5%85%8b%ef%bc%8c%e9%81%93%e7%93%8a%ef%bc%8c%e8%b2%bb%e5%9f%8e%e5%8d%8a%e5%b0%8e%e9%ab%94%e6%8c%87%e6%95%b8%e6%88%90%e7%ab%8b%e4%bb%a5\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e00\u5f35\u8868\u6bd4\u8f03\u6a19\u666e500\uff0c\u90a3\u65af\u9054\u514b\uff0c\u9053\u74ca\uff0c\u8cbb\u57ce\u534a\u5c0e\u9ad4\u6307\u6578\u6210\u7acb\u4ee5\u4f86\u6b77\u5e74\u5831\u916c\u6578\u5b57\u548c\u5e74\u5316\u5831\u916c\u7387<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li>\n\n\n\n<li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u904e\u53bb\u767e\u5e74\u6a19\u666e500\u5831\u916c\u9023\u5169\u5e74\u8d85\u904e\u4ee3\u8868\u725b\u5e02\u768420%\u767c\u751f\u904e\u5169\u6b21\uff0c\u7d50\u679c\u90fd\u5f88\u60b2\u6158\uff0c\u9020\u6210\u7f8e\u80a1\u6301\u7e8c\u591a\u5e74\u8868\u73fe\u4e0d\u4f73<\/p>\n","protected":false},"author":1,"featured_media":62649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177,179,1574,1588],"tags":[],"class_list":["post-62629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-major-index","category-market-index","category-investment-return","category-historical-statistic"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/62629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=62629"}],"version-history":[{"count":0,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/62629\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/62649"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=62629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=62629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=62629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}