Right now we're in a liquidity trap, which, as I explained in an earlier post, means that we have an incipient excess supply of savings even at a zero interest rate.

现在我们陷入了一个流动性陷阱(在我此前的一篇文章中解释过)，意味着我们即使在零利率的时候，也将会遇到初始就过剩的储蓄。

youdao

Liquidity is endogenous we know that on the one hand it is good to have a number of markets that are liquid, right?

流动性具有内因性，所以一方面，我们知道拥有许多，高流通性市场是好的，对吧？

youdao

Some Banks are having to indulge in expensive "liquidity swaps" in order to get the right kind of collateral to offer the ECB.

一些银行正不得不采用昂贵的“流动性互换”工具，以提供欧洲央行所要求的抵押品。

youdao

Most British banks deny that it is an especially "stressful" time for them - in the technical sense that, all but one to whom I've spoken in the past 24 hours insist they have the cash or liquidity they need right now.

BBC: Downgraded UK banks, bonuses and Bank of England support

It may be that hot, fast money prefers liquidity to hard assets right now, especially if leverage is involved.

FORBES: The Correction Is On As Investors Rush To Safe Haven

We believe this strikes the right balance of maintaining liquidity necessary to ensure smooth operations of our company and deleveraging the balance sheet.

FORBES: Radio Shack Shares Crushed As Q3 Results Miss Street Estimates