rating agencies are slashing collateralised-debt obligations ( cdos ) faster than you can slaughter turkeys 评级机构大幅削减抵押贷款证券,速度比杀鸡都快。
whatever the cause, a shortage of investment in fixed assets implies a shortage of debt collateralised on them 不论是什么原因,固定资产投资的短缺也意味着抵押债务的不足。
meanwhile, collateralised-debt obligations ( cdos ), made up of clumps of those securities and laced with leverage, have become almost impossible to trade 同时,cdo--它构建了许多这种证券并附上杠杆作用--已经变得不可能交易。