Indeed the thirst in emerging markets for such safe and liquid securities is one of the deeper causes of the series of crises that has afflicted the rich world.

确实，在新兴市场上对这种安全并且流通性好的证券的渴望是折磨着富裕国家的一系列危机的一个深层原因之一。

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That works when you have very liquid securities, such as Treasurys or the common stock of IBM or GE.

FORBES: Magazine Article

Citadel traditionally keeps more than a third of its assets in cash or liquid securities, allowing it to pounce when opportunities arise.

ECONOMIST: Tempting morsels for strong stomachs

Meanwhile, those who borrow at 100 basis points over fed funds to buy attractively priced liquid securities will probably make out like bandits.

ECONOMIST: Letters