如果家庭急剧削减开支并储蓄更多，衰退将成为一场准萧条，而且随之而来的收入下降会进一步增加负债比。

If households sharply cut spending and save more, the recession becomes a near-depression and the ensuing fall in income further increases the debt-to-income ratio.

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但对于美国、英国以及受到同样影响的国家而言，它们的任务是降低私人部门的负债比率，而不是进一步增加负债。

But in the US, UK and similarly affected countries, the task is to deleverage the private sector, not increase indebtedness further.

youdao

这就是愤怒的债券持有人已经开始反击的“股东增强”的扩展。 所谓股东增强也就是那些在资产负债表中增加负债以使每股获利更大的措施。

Such is the extent of “shareholder enhancements”—share-boosting measures that increase debt on the balance sheet—that irate bondholders have begun to fight back.

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