只是去年的事实表明不确定导致了流动性不足。
Yet the past year has shown that uncertainty breeds illiquidity.
那些资产能提供超额回报来作为流动性不足的补偿。
Such assets offered an excess return to compensate investors for their illiquidity.
当市场流动性不足时，资产的留滞时间就会延长。
When markets are less liquid, assets stay on the balance-sheets for longer.
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