So, forexample, governmentbondpriceshavegoneupbecause a lotofpeopleareputtingmoneyintothosebondsbecausetheythink, "Hey, governmentbondsaresafe."
例えば、多くの人が債券を購入しているため、政府の債券価格は上昇しています。
"Thingsarelookingrisky."
物事にはリスクが伴ってきているから
"Let's pileintothat."
債券に、人がどっと集まるわけです。
Ontheotherhand, youhaveoiltaking a hitonitspricebecausepeoplethink, "Well, travelisbeingrestricted."
一方、原油価格は打撃を受けています。
"A lotofairlinesandcountriesarerestrictingtraveltoChina, andsothat's goingtobringdowndemandforfuel, whichisgoingtobringdownoilprices, andthathashadaneffectonenergybonds, whichhavetaken a hit.
Andtheotheraspectofthatisthat, yes, Chineseconsumersbuy a lotfromexternalcountries, butalso a lotofcountrieshaveatleastpartoftheirsupplychainmanufacturedinChina.
Now, thepotentialforsomething, like a virus, ifitweretoturninto a pandemic, wouldconstitutesomethingcalled a blackswaneventpotentially, whichisbasicallyjustanotherwayofsaying a bigeventthatyoudon't expectthathas a negativeconsequenceonthepricesofassets.