巨大的双向资本流动总额由对瞬间变化的感知来驱动，使得套利交易机会（借入低收益的货币去投资高收益的货币）取代了长期资本投资。
Huge two-way gross capital flows are driven by transient changes in perception, with carry-trade opportunities (borrowing in low-yielding currencies to finance lending in high-yielding ones) replacing long-term capital investment.