And one of those phrases is carry trade.

其中一个术语是套利交易。

By this system of laws, therefore, the carrying trade was in effect prohibited.

因此，根据这种法律体系，套利交易是被禁止。

I mean, before the great financial crisis, some of the strategists I talked to were quite worried about the Asian carry trade.

我意思是，在金融危机爆发之前，我采访过一些策略师对亚洲套利交易非常担心。

The carrying trade, though it deserves no preference, ought not to be precluded, but to be left free, like all other trades.

套利交易虽然不值优先考虑，但不应该被排除，而应该像所有其他交易一样免费。

The astonishing speed with which the Japanese yen has strengthened in recent weeks, for instance, is probably because of the unravelling of " carry trades" .

比如， 最近几周日元以惊人速度升值，很可能就是因为“套利交易” 。

But though the carrying trade certainly deserves no peculiar encouragement, though the motive of the institution was, perhaps, abundantly foolish, the institution itself seems reasonable enough.

但是，尽管套利交易当然不值特别鼓励，尽管该机构动机可能非常愚蠢，但该机构本身似乎足够合理。

Some of the recent violent swings in the yen, Japanese and American stocks, and indeed the Mexican peso, may thus be the result of yen-based carry trades.

因此，日元、日本和美国股票以及墨西哥比索近期剧烈波动，可能都是日元套利交易结果。

You know, carry trade is ultimately about taking money out of somewhere where it doesn't earn you anything exciting and putting it somewhere where you can get higher returns.

你知道，套利交易最终目是把钱从不能给你带来任何收益地方拿出来，放到能给你带来更高回报地方。

When the grand sum total of humans who ever said to me that the yen carry trade was a reason for the market to go up before this happened was zero.

在这件事发生之前，曾经跟我说过日元套利交易是导致市场涨原因人总数为零。

And one of the reasons I say that is that, you know, everyone's pointing to, ooh, it's the unwind of the yen carry trade that's behind this drop in US stocks.

我这样说原因之一是，你知道， 每个人都在指出，日元套利交易除是导致美国股市下跌原因。