Mr Smithers runs his own firm.

史密瑟斯管理自己的公司。

Mr Morgan, you look a great deal like Terry Smithers.

摩根先生，你看上去很像特瑞。斯密瑟思。

Mr Smithers and Prof Wood suggest a 40 per cent increase in capital for the UK.

琴斯和伍德教授建议，英国应该将资本金要求提高40%。

"I should like to invoke my right to remain silent, Sir," Smithers defiantly replied.

“我希望援用我保持沉默的权利，先生，”斯米·德斯反驳道。

"Big investors can't take such a risk, so trade the stock away from the market," sighs Mr Smithers.

史密瑟斯先生感叹说，“大的投资者不能冒这样的风险，所以他们只能离开这个市场上。”

As evidence of the industry's lack of competition, Mr Smithers points to its increasing concentration.

这里是讲该行业缺乏竞争的另一证据就是资本的不断集中到几大金融机构去了。

Unless you come clean, Smithers, we shall have to investigate those allegations against you very seriously, indeed.

斯米·德斯，除非你坦白交代，否则我们真的必须对反对你的主张进行严肃调查。

The irony of it is, of course, Smithers, that you were such an outstanding member of our team when you first got here.

当然，斯密斯德，有讽刺意味的是你刚来这儿的时候，使我们团队里那么出色的成员。

Notwithstanding Smithers' admirable fidelity to the facts, I would argue that there is a case for buying exposure to a big story such as China.

史密瑟斯的忠于事实固然令人倾佩，但我要指出，投资者有理由押注于中国这样一个“大题材”。

“Wouldn't it be better to address the question of subjects directly—which ones, for how long and what to specify?” asks Alan Smithers, of Buckingham University.

白金汉大学（教研中心主任-注）阿兰•史密瑟斯批评说，“直接了当地针对科目问题，明确解释需要教那些科目，需要教多长时间岂不更好？”

However, the Smithers thesis presents investors with two obvious problems. The first is that shares have looked overvalued, on his measure, since the mid-1990s.

然而，史密瑟斯的主张给投资者带来两个明显的问题：第一、按其测算，股票估值自十九世纪中期一直过高。

As a result, Mr Smithers notes, even after drawing down savings this decade, households still consume a smaller proportion of GDP than in any other rich country.

因此，根据史密瑟斯所说，即便存款在这个10年里有所减少，家庭消费占gdp的比例仍然比别的发达国家低。

Smithers, don't you think it's ironic that your irregular night-time activities are in inverse proportion to your reputation as an expert in the area of invertebrate research?

斯密·德斯，难道你不认为自己无规律的夜生活与你作为无脊椎动物研究领域的专家的声望成反比是具有讽刺意味的吗？

"Smithers, don't you think it's ironic that your irregular night-time activities are in inverse proportion to your reputation as an expert in the area of invertebrate research?"

“斯密·德斯，难道你不认为自己无规律的夜生活与你作为无脊椎动物研究领域的专家的声望成反比是具有讽刺意味的吗？”