Commercial property was a popular asset class for much of this decade.
对于这大半个十年来说,商用物业无疑是一热门的资产类别。
Some good news about 2008 was that, in addition to stocks, just about every asset class sold off, creating some remarkable bargains.
2008年的好消息是,不仅股票,几乎所有其他资产类别都被抛售,从而造就了一批值得关注的便宜货。
Investments shift, at the touch of a trading keyboard, from one market to another, and from one asset class to another.
只要轻轻一点键盘,投资就可以从一个市场流向另一个市场,从一个资产类别流向其他资产类别。
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.
And they are heavily exposed to commercial property, an asset class that continues to go downhill fast.
另外,他们拥有大量房贷资产,而这类资产的价值在持续快速走低。
And it is inefficiently priced, not least because as an asset class it is hard to short: you can't hedge your exposure.
而且它的价格很低效,并不仅仅因为它所在的资产类别使它不容易降下来:还有就是,你不能对沖风险。
A melt up is a rapid and mass rush by investors into an asset class after a belated realization by market players that worthwhile gains are to be had there.