如果美国不控制对债务的持续依赖,其国家影响力将因为其他国家和非国家行为体的兴盛而减弱。
The United States' influence, diminished by the rise of other states and nonstate actors, will be fatally undercut if the country does not curb its unsustainable reliance on debt.
然而,刺激经济的财政政策在亚洲比在美国或欧洲更有效,因为亚洲家庭不承担巨额债务。 所以税收减免或现金补助更可能用于支出而不是储蓄。
with huge debts, so tax cuts or cash handouts are more likely to be spent than saved.
如果银行选择不传递任何因基准利率上升而导致的资金成本的增加,那么任何对债务人收入的挤压都可以减轻,这种情况是乐观的。
Any squeeze on debtors' incomes might be mitigated if Banks chose not to pass on any increase in funding costs stemming from higher base rates. That scenario is optimistic.
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