It is not that no one has thought about the impact of leverage before; rather, it has become newly relevant to the world around us.
以前很少有人想到杠杆原理的冲击影响;现在正好相反,他正成为与我们密切相关的东西了。
Debt rose across the rich world during the boom, from consumers maxing out credit CARDS to financial firms taking on more leverage, and the process of reducing it is still at a very early stage.
在经济繁荣期,从信用卡接近透支极限的消费者到借债更多的金融公司,整个富裕国家里债务增加,削减债务现在尚处于开头阶段。
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