... Fixed costs 固定成本 Fixed debts 固定债务 Fixed deposit(s) 定期存款 ...
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Harvard had some variable-rate borrowings, and the derivatives effectively converted those debts into fixed-rate ones.
FORBES: Magazine Article
Inflation helps too, as debts are fixed at their historical values but wages should rise with inflation.
ECONOMIST: The global crash
In deflation the nominal value of debts remains fixed even as nominal wages, prices and profits fall.
ECONOMIST: Inflation is bad, but deflation is worse
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