In Britain, given the size of its finance industry, housing boom and consumer debt, the balance-sheet adjustment will, if anything, be greater.

在英国，考虑到其金融产业、房地产繁荣和消费者债务的规模，资产负债表的调整幅度将更大。

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It all sounds suspiciously like the subprime mortgage boom, when Banks parked illiquid assets in off-balance-sheet vehicles.

这些听起来疑似次贷抵押贷款热潮，银行资产负债表的大车上挤满了不良资产。

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In Britain, given the size of its finance industry, housing boom and consumer debt, the balance-sheet adjustment will, if anything, be greater.

ECONOMIST: The world economy

In this column, Federal Reserve Bank of Boston economist Daniel Cooper presents new evidence suggesting that the spending impact of equity extraction during the recent U.S. housing boom was relatively small compared with the household balance sheet changes and residential investment.

FORBES: Home Equity Extraction: Where Did All The Money Go?

It all sounds suspiciously like the subprime mortgage boom, when banks parked illiquid assets in off-balance-sheet vehicles.

ECONOMIST: Exchange-traded funds