"It is a strategy in which Asian and Pacific markets are open to our exports, and one in which prosperity around the world is no longer as dependent on American consumption and borrowing, but rather more on American innovation and products."

VOA: standard.2009.11.12

The only risks that are left are risks that everyone shares, so you would see planet-wide risks expressing themselves in consumption, but nothing else.

唯一剩下的风险,就是每人分担的那些风险，所以你会看到全球的市场风险,以消费的形式表现出来，再无其他。

耶鲁公开课 - 金融市场课程节选

You can see that in the early 1950s mortgage debt was only something like 25% of personal consumption expenditure, but now it's up to about 100%.

抵押贷款在20世纪50年代,只占个人消费支出的25%,现在却占到几乎100%

耶鲁公开课 - 金融市场课程节选