有不同的方式来对冲尾部风险，但流行的是创造一篮子的在正常市场条件下表现不佳，但在市场暴跌的时候一飞冲天的衍生品。
There are different ways to hedge tail risk, but a popular one is to create a basket of derivatives that will perform poorly during normal market conditions but soar when markets plunge.
一旦利率根据贷款条件到期要恢复正常水平，数百万人将付不起抵押贷款而很可能因丧失抵押品赎回权而失去房屋。
Now that the interest rate is due to reset on these loans, millions will not be able to afford their mortgage and will likely lose their homes to foreclosure.
他说，如果你将丧失抵押品赎回权的买卖从数据中移除的话，正常住房的价格实际上在去年保持平稳。
He says if you remove foreclosure sales from the data, housing prices for non-distressed homes have actually been flat for the past year.
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