Just as house insurance will cost more for those living next to a fireworks factory, a CDS becomes more expensive when the finances of the bond issuer deteriorate (see chart).
就跟住在烟火制造厂家附近的居民要多付房屋保险一样,当国债发行人的资金状况日益恶化情况下,信用违约掉期也会变得更贵。
Rocketing fees far outstripped inflation over the past decade (see chart); the increase is now greater than for house prices.
在过去十年间,飞涨的学费远远超过通货膨胀(见表);而且现在这种增长已经远超过英国房价。
That is the biggest decline in The Economist’s house-price index (see chart).
这是经济学人杂志住房价格指数里最大的跌幅(如图所示)。
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