但是抵押资产的处理有相当的难度,很大程度上因为市场的缺失,很难为已经遍体鳞伤的金融工具进行合理的估价。
But picking off assets has proven to be difficult, largely because of a lack of agreement on how to arrive at a fair value for bombed-out financial instruments bereft of a market.
如法国奢侈鞋类在市场中的地位正在减弱,这并非是因为廉价的亚洲鞋业横扫了欧洲大众鞋类生产商,而是其本身设计灵感的缺失。
Its luxury-shoe sector is declining, not because of the cheap Asian footwear that is wiping out many European mass-market producers but because of a loss of design flair.
问题是,在自由市场行为准则缺失的情况下,你永远不知道市场真正的需求如何。
Trouble is, without the discipline of the free marketplace, you never know what the demand really is.
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