由于机构投资者应资产价格和资产收益率的国际差异而动，美国资产价格大跌将投射到其他发达国家资产价格上，使它们也发生类似的跌幅。
Because institutional investors respond to international differences in asset prices and asset yields, the large declines in US asset prices would be mirrored by similar declines in asset prices in other developed countries.