But he still thinks the pessimism is overblown.

但是，他仍然认为，这种悲观情绪被过分夸大了。

But substantial pessimism was nonetheless explicable.

尽管如此，大量的悲观情绪都可以解释的通。

In one way this pessimism looks a little overdone.

一方面说这种对世界经济的悲观似乎过了头。

But I'm sticking with my pessimism.

但我仍持悲观态度。

Pessimism has its place—it fosters caution.

它会让人小心谨慎。

One strategy is to adopt a mindset of defensive pessimism.

有一种策略，是采用防御性悲观主义的心态。

In other words, the media's negativity could be both a reflection and a source of today's economic pessimism.

换句话说，媒体的负面情绪可能既是当今经济悲观情绪的反映，也是其根源。

It also reports pessimism among goods producers, causing significant job losses.

报告还指出，商品生产商表现悲观情绪，导致大量失业。

Where do you stand on… One of the concepts we've talked about on the show is defensive pessimism, right?

我们在节目中谈到的一个概念是防御性悲观主义，对吗？

We all get sucked into a state of pessimism from time to time.

我们都会时不时地陷入悲观的状态。