...thing that we know is that we know nothing — and that is the highest flight of human wisdom."
--from WAR AND PEACE by Leo Tolstoy
SUBPRIME CONCERNS SPREAD
Ben Bernanke acknowledged for the first time yesterday that credit concerns are spreading beyond the subprime mortgage market as investors showed their worries with a flight to quality, seeking refuge in government bonds and other safe assets.
Although Mr Bernanke played down the likely impact on the US economy, saying financial conditions remain “generally favourable,” US Treasury yields fell sharply following the release of his testimony. At midday, 10-year notes were yielding a frac- tion less than 5 per cent, 5 basis points down on the day.
By By Krishna Guha inWashington and Richard Beales, Michael MacKenzie and Saskia Scholtes in New York Thursday, July 19, 2007
英國《金融時報》克裏什納•古哈(Krishna Guha)華盛頓、理查•比爾斯(Richard Beales)、邁克爾•麥肯茲(Michael Mackenzie)、薩斯基亞•朔爾特斯(Saskia Scholtes)紐約報導
A federal magistrate refused to revoke bail on Monday for Bernard L. Madoff, the financier accused of operating a $50 billion Ponzi scheme, saying the government has not proved that he is a flight risk.
1 If a bird takes wing, it flies away.
2 to suddenly develop, freely and powerfully:
She walked in the hills, letting her thoughts take wing.
Run away, flee, go away, as in When the militia arrived, the demonstrators took flight, or The tenant took wing before paying the rent.
The first idiom derives from the earlier take one's flight, dating from the late 1300s, and was first recorded in 1435. The variant was first recorded in 1704.
(an act or example of) escape, running away or avoiding something:
They lost all their possessions during their flight from the invading army.