Loan books collapsed in all cases (by 50% from peak to trough in America, 30% in Japan and 25% in Sweden), greatly reducing earnings even before credit losses were taken into account.

所有这些案例中贷款登记簿无一没有崩溃——美国从最高点到最低点跌落了50%，日本跌落了30%，瑞典则为25%——即使不考虑信贷损失，收入也极大的减少了。

youdao

Its name signifies retailers' expectations of high sales, as profits were once recorded in account books in black ink, while losses were recorded in red.

“黑色星期五”这个名字还表达了零售商对赢利所寄予的厚望，因为商家以往在帐目中以黑色墨水来记录赢利，亏损则以红色数字记帐。

youdao