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All this is possible because credit is easy and interest rates are low. Banks are encouraged to lend, and often do so irresponsibly. In some states it' s possible to get a 100 mortgage, in other words with no downpayment, equivalent to four times a couple' s combined annual salary. The market is constantly coming up with new financial products and new ways of extending credit to ordinary people. General Motors, whose automotive business is in decline, now sells home equity loans through a subsidiary. It' s the only part of company that has been consistently profitable in recent years. The reason for this boom in money lending is clear, to fund consumer spending. As long as people are spending, economic growth continues. In other more conservative borrowing cultures, like Germany, economic growth has slowed because in times of uncertainty people tend to save their money, rather than borrowing and spending to make themselves feel better. |
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zhèi xiē dōu yǒu kě néng yīn wèi dài kuǎn fēi cháng de jiǎn dān ér qiě lì lǜ dī. yín háng tōng cháng gǔ lì jiè qián, dàn yǒu de shí hòu bǐ jiào bù fù zé rèn. zài yī xiē zhōu, hái shì yǒu kě néng néng huò dé 100 de dǐ yā dài kuǎn, huàn jù huà shuō, xiāng tóng de kuǎn xiàng shì yī duì fū fù nián shōu rù de sì bèi. shì chǎng bù duàn chū xiàn xīn de jīn róng chǎn pǐn hé duì pǔ luó dà zhòng yán cháng dài kuǎn. měi guó tōng yòng qì chē gōng sī, qí qì chē yè wù zhèng zài xià jiàng, xiàn zài tōng guò zǐ gōng sī lái xiāo shòu fáng wū dài kuǎn, zhè zhǐ shì jìn jǐ nián gōng sī bù duàn yíng lì de yī bù fen. gōng sī xīn xīn xiàng róng de yuán yīn shì jiè rù de kuǎn xiàng fēi cháng qīng xī, zhǐ yào rén men chí xù xiāo fèi, jīng jì jiāng jì xù zēng zhǎng. zài gèng bǎo shǒu de jiè dài wén huà lǐ, xiàng dé guó, jīng jì zēng zhǎng huǎn màn yīn wèi zài bù wěn dìng de shí hòu, rén men yào bǎ qián cún qǐ lái, ér bú shì jiè dài huò zhě huā fèi lái shǐ tā men de shēng huó biàn hǎo. |