America’s economy had been supercharged by excessive leveraging; now comes the painful process of deleveraging. Excessive leveraging, combined with bad lending and risky derivatives, has caused credit markets to freeze.
ampnbsp;ampnbsp;ampnbsp; 美国即使并不同时面临金融危机也会遇到这些麻烦。过度的杠杆作用过去一直强力推动美国经济，现在开始了痛苦的杠杆作用解除进程。过度的杠杆作用，加之不良贷款和高风险衍生产品导致信贷市场的冻结。毕竟，当银行不知道自己的资产负债情况的时候，他们也就不会相信他人了。