What the law professors have uncovered is not investors buying and holding English-law governed bonds, but investors piling into the safer asset class when a default appears imminent.

这些法学教授们发现，当距离违约仅一步之遥时，投资者不会买入并持有英国法律辖内公债，而是纷纷奔向较为安全的资产类别。

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And yet the bank is still holding rates close to zero, and is pursuing a second round of QE to prop up asset prices.

尽管现在银行汇率一直接近零，美联储仍然在继续实行第二轮定量宽松政策以支持资产价格。

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Unrealized Loss A loss that results from holding on to an asset rather than cashing it in and officially taking the loss.

未实现损失通过继续持有资产，而不将资产套现然后使用获得的资金所得的损失。

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The large percentage of outperformance among international small managers may result from a large portion of them holding a different asset class and being compared to the wrong benchmark.

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The first very minor one is that the only real legal meaning of a credit rating refers to how much capital a bank has to allocate to a holding in a particular asset.

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The post-1971 U.S. dollar-based monetary system permitted an explosion of credit, which naturally favored the credit industry directly, and the entire financial asset-holding investoriat, indirectly, at the expense of the middle and lower classes.

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