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    #1

    haven

    I'm not sure what "havens" refers to in the following. I know its literal meaning.

    Misdirected lending is characteristic of the asset bubbles that result when prices are distorted by inflation. This has been true of past booms in oil, housing, agriculture, and other traditional havens for weak money.

    Does it refer to those sectors where you can invest by borrowing money when money is weak?

    Thank you.

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    #2

    Re: haven

    In times of inflation, the value of money diminishes quickly it is considered safer to change it/ diversify to other forms of investments like land, property, oil & agriculture (commodities) etc which are considered safer and their values would keep up with the inflation. Thus the term 'haven' is used to describe these other forms of investments.

    Not a teacher

  1. BobK's Avatar
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    #3

    Re: haven

    Etymological note: think of Le Havre and The Hague... (and indeed the word harbour).

    b

    PS Second example is wrong. Try KÝbenhavn (which, come to think of it, may account for my slip (via 'Copenhagen).
    Last edited by BobK; 21-Sep-2014 at 12:42. Reason: PS added

  2. Roman55's Avatar
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    #4

    Re: haven

    I am not a teacher.

    Le Havre is good since un havre is a haven, but The Hague? I don't think so.

    Den Haag or 's-Gravenhage comes from en haag which is a hedge. The French call it La Haye and the French for a hedge is une haie.

    The Dutch for haven (and for harbour) is haven.

  3. BobK's Avatar
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    #5

    Re: haven

    Touchť

    b

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