In fact, whenever the world looks unstable, investors want to hold more dollar assets – even when the US is the cause of the instability. When big US banks are in trouble or Americans are having another debilitating political fight over their public finances, global investors scramble into US Treasuries.
事实上，每当世界不太稳定的时候，投资者就会愿意持有更多的美元——即使不稳定的根源正是来自美国。当美国大银行陷入麻烦或美国陷入危害甚深的公共财政政治斗争时，全球投资者忙不迭地买入美国国债。去年国会关于联邦债务上限的大斗争导致美国失去了标注普尔AAA级主权评级，但如今联邦政府的借贷成本却比那时候更低了。