The financial sector’s explosive growth over the past two decades has fueled the accumulation of exceptionally large volumes of debt. In the absence of some positive shock – such as an acceleration of GDP growth – servicing that debt becomes impossible for at least some borrowers.
过去20年间，金融业的爆发式成长造成了规模空前的债务积累。但缺乏一些积极的突进——例如GDP激增——使得至少一些债务人无力还债。