谁会关心如果利差收窄和资产价格(包括证券)上涨呢?
Who CARES if credit spreads narrow, and asset prices — including equities — go up?
风险资产——证券、信贷和大宗商品的价格修正似乎会因此而不可避免,而且这一现象在七月份已经部分发生了。
A correction of the prices of risky assets — equities, credit and commodity prices — therefore seems inevitable and has already partially started in July.
这也可能与美国的不良资产救援计划相悖,后者需要贷款和证券以市场清理价格计值才能运行。
It may also be inconsistent with America's toxic-asset plan, which needs loans and securities to be carried at market-clearing prices to work.
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