Too many sectors of the US economy have not completed their balance-sheet rehabilitation process. This is true for the banking system, which has not de-leveraged to the satisfaction of either regulators or the markets, thus limiting the scope for credit growth.
·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 美国经济中有太多部门还没有完成资产负债表的修复过程。毫无疑问，银行系统的去杠杆化程度既不能满足监管者，也不能令市场满意，这限制了信用增长的势头。许多家庭的情况也是如此。事实上，目前家庭平均储蓄率已跌至4%以下，太多家庭已经或正在耗尽他们的紧急情况应对金