High reserve requirements forced Banks to lock up much of the economy's savings in safe asset classes like government debt.

高准备金率则使银行必须以安全资产(比如国债)的形式持有大量储蓄。

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That the gold price has soared for different reasons than predicted is a sign that, in the uncertain times of today, gold is nearly a fail-safe asset.

不过，金价飙升的原因与预测的却不同，这显示出在眼下的不确定时期，黄金几乎是万无一失的资产。

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Investors who once regarded Italian bonds as a safe asset now worry about everything from the integrity of the credit-default-swap market to a possible break-up of the single currency.

曾经把意大利债券视为安全资产的投资者们现在忧心忡忡，担心信用违约交换市场的可信性、单一货币的崩溃可能，以及所有其他事情。

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This would reduce borrowing costs for troubled countries and create a safe asset for banks to hold.

ECONOMIST: Charlemagne

Treasurys are the only sure-fire safe asset around, even though real yields on shorter-dated U.S. debt are negative.

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It should be apparent that housing is not a safe asset, even when we are not in a bubble.

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