比如说，几位经济学家就提出过令人信服的观点，认为低政策利率会导致证券化市场上杠杆式投机的范围加大。
Several economists have argued convincingly, for instance, that low policy rates fuelled broader leverage growth in securitised markets.
考虑到杠杆水平最近的爆炸式增长，挑战可能不仅仅是有毒抵押贷款担保证券的错误定价。
Given the recent explosion in leverage, the challenge is unlikely to be one of mispricing of the toxic mortgage-backed securities alone.
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