So Fannie and Freddie had to be rescued - otherwise debt deflation would have gotten much worse.

因此，两房必须被拯救，否则债务紧缩将会愈演愈烈。

youdao

The effect of deflation in reducing aggregate demand, known as debt deflation, probably played a significant role in the Great Depression.

通缩于降低总需求上的效应叫做债务紧缩，在大萧条时期它可能扮演了重要的角色。

youdao

If the BoJ has a plan to boost economic growth and exorcise deflation while avoiding a debt panic, it is clearly not yet ready to share it.

如果日本央行有一个刺激经济增长、驱除通缩的同时，避免债务恐慌的计划，那么它显然还没有准备好分享这个计划。

youdao

Debt deflation is an especially big risk in Germany, where corporate debts are dangerously large.

ECONOMIST: The deadly cocktail of high borrowing and falling prices

And the longer an economy stays addicted to inflation, the harder the eventual debt deflation will become.

FORBES: Deflation Isn't The Enemy

Irving Fisher, an economist who worked in the first half of the 20th century, called this the debt deflation trap.

ECONOMIST: Repent at leisure