Experts point out that we are now in a period of credit destruction and rebuilding, and the situation of credit is worrying.

专家指出，当前我国社会正处于信用破坏和重建时期，信用环境令人担忧。

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Hendry has lit upon a familiar weapon of mass destruction: credit default swaps (CDS) - in which a counterparty sells what is, in effect, bankruptcy insurance on underlying corporate debt.

亨德利想到了一个我们所熟知的大规模杀伤性武器：信用违约互换(CDS)合约——对手方出售的实际上是企业债务的违约保险。

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The crisis—particularly the credit crunch and the destruction of more than $13 trillion of household wealth—has wrecked the American shopping machine and changed the nature of the world’s imbalances.

此次危机，特别是信贷紧缩和超过13万亿美元个人财富的流失已重创美国这架消费机器，并改变了世界不平衡的性质。

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With past due accounts come the inevitable debt collection agencies and the credit score destruction.

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That would seem to argue for higher ratios of land to be banked in order to issue a credit that allows destruction elsewhere.

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One such monster could be the destruction of credit default swaps (CDS), an insurance for the kind of financial meltdown happening in Greece.

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