The answer to #2 is that Wall Street hedge funds, using techniques pioneered in the mid-90s by Long Term Capital Management, have figured out ways to borrow large sums of money at virtually no cost.

第二个问题的答案是， 华尔街的对冲基金运用90年代中期长期资本管理公司开发的技术，计算出借大笔的钱而成本几乎可以不计的方法。

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Hot Money, also known as Refugee capital, refers to those short-term speculative capital flowing rapidly in international financial market in pursuit of maximum reward at lowest cost.

热钱(Hot Money)，又称游资(Refugee Capital)，投机性短期资本，指为追求最高报酬以最低风险而在国际金融市场上迅速流动的短期投机性资金。

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All in all, the general trends captured in the Cooley dataset are positive, and bode well for venture and for startups trying to raise money at a reasonable cost-of-capital.

FORBES: Life Science Venture Financing Terms: Favorable Five Year Trends

As a result, companies forgo potential capital, which raises the cost of money, something that has exacerbated the recession.

FORBES: Intelligent Investing Briefing Book

Mr Summers wants the Fund to focus on short-term crisis management, and to avoid being a low-cost source of money for countries with ready access to private capital.

ECONOMIST: Intrigue on 19th Street