... Limited liability 有限责任 ; 有限债务责任 ; 有限负债 ; 有限法律责任 personal liability 个人责任 ; 个人负债 ; 私人负债 ; 人责任险 fixed liability 长期负债 ; 固定负债 ; 耐久负债 ; 固定债务 ...
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说它们是结果，是因为私人部门过度负债和疲软的资产价格——尤其是房地产价格——结合在一起，抑制了需求。
They are a result, because excessive private sector debt interacts with weak asset prices, particularly of housing, to depress demand.
关键在于，如果美国想降低私人部门的负债比率，并大幅削减财政赤字，经常账户赤字就必须近乎消失。
The big point is that if there is to be deleveraging of the private sector and a huge reduction in the fiscal deficit, then the current account deficit must pretty well disappear.
如果是后者，就需要振兴可能是负债累累的私人部门的支出。
If it is to be the latter, there needs to be a resurgence in private, presumably debt-financed, spending.
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