So does the accumulating debt matter? Some say that as long as asset values rise faster than debt, there's no problem. In 2005 Americans were $12 trillion in debt, but their personal assets stood at $64 trillion. Others argue that we are sitting on a time-bomb. Asset value will not continue to rise indefinitely and when they crash, millions of people will be plunged into negative equity. Liabilities remain the same but assets can go up and down in value. This was the case with stock market values, which saw sharp falls around 2000. Crisis was averted only because investors moved their money into real estate. For millions of Americans this only confirmed the culture Alan Greenspan had been promoting, debt is good. And if he turns out to be wrong, well, we all had fun in the meantime. | |
所以积累的债务问题怎么办呢?有些人说只要资产价值上升比债务快,那就没问题。2005年,美国人负债12万亿美元,但他们个人资产达到64万美元。其他人则认为我们坐在一个定时炸弹上。 当它们崩溃的时候,资产价值必定不会继续上升,成百万的人将陷入负资产的境地。负债一样,但资产的价值可以高也可以低。这与股票市场价值差不多,突然间下降到2000市值左右。危机是可以避免的,只是因为投资者将资金投入到房地产行业。 对于许多的美国人来说,这仅仅证实了艾伦·格林斯潘所推动的文化,债务是好的。如果证明这结论是错的,那么,我们现在应该都会快乐吧。 |
So does the accumulating debt matter? Some say that as long as asset values rise faster than debt, there' s no problem. In 2005 Americans were 12 trillion in debt, but their personal assets stood at 64 trillion. Others argue that we are sitting on a timebomb. Asset value will not continue to rise indefinitely and when they crash, millions of people will be plunged into negative equity. Liabilities remain the same but assets can go up and down in value. This was the case with stock market values, which saw sharp falls around 2000. Crisis was averted only because investors moved their money into real estate. For millions of Americans this only confirmed the culture Alan Greenspan had been promoting, debt is good. And if he turns out to be wrong, well, we all had fun in the meantime. | |
suo yi ji lei de zhai wu wen ti zen me ban ne? you xie ren shuo zhi yao zi chan jia zhi shang sheng bi zhai wu kuai, na jiu mei wen ti. 2005 nian, mei guo ren fu zhai 12 wan yi mei yuan, dan ta men ge ren zi chan da dao 64 wan mei yuan. qi ta ren ze ren wei wo men zuo zai yi ge ding shi zha dan shang. dang ta men beng kui de shi hou, zi chan jia zhi bi ding bu hui ji xu shang sheng, cheng bai wan de ren jiang xian ru fu zi chan de jing di. fu zhai yi yang, dan zi chan de jia zhi ke yi gao ye ke yi di. zhe yu gu piao shi chang jia zhi cha bu duo, tu ran jian xia jiang dao 2000 shi zhi zuo you. wei ji shi ke yi bi mian de, zhi shi yin wei tou zi zhe jiang zi jin tou ru dao fang di chan hang ye. dui yu xu duo de mei guo ren lai shuo, zhe jin jin zheng shi le ai lun ge lin si pan suo tui dong de wen hua, zhai wu shi hao de. ru guo zheng ming zhe jie lun shi cuo de, na me, wo men xian zai ying gai dou hui kuai le ba. |
So does the accumulating debt matter? Some say that as long as asset values rise faster than debt, there' s no problem. In 2005 Americans were 12 trillion in debt, but their personal assets stood at 64 trillion. Others argue that we are sitting on a timebomb. Asset value will not continue to rise indefinitely and when they crash, millions of people will be plunged into negative equity. Liabilities remain the same but assets can go up and down in value. This was the case with stock market values, which saw sharp falls around 2000. Crisis was averted only because investors moved their money into real estate. For millions of Americans this only confirmed the culture Alan Greenspan had been promoting, debt is good. And if he turns out to be wrong, well, we all had fun in the meantime. | |
suǒ yǐ jī lěi de zhài wù wèn tí zěn me bàn ne? yǒu xiē rén shuō zhǐ yào zī chǎn jià zhí shàng shēng bǐ zhài wù kuài, nà jiù méi wèn tí. 2005 nián, měi guó rén fù zhài 12 wàn yì měi yuán, dàn tā men gè rén zī chǎn dá dào 64 wàn měi yuán. qí tā rén zé rèn wéi wǒ men zuò zài yí gè dìng shí zhà dàn shàng. dāng tā men bēng kuì de shí hòu, zī chǎn jià zhí bì dìng bú huì jì xù shàng shēng, chéng bǎi wàn de rén jiāng xiàn rù fù zī chǎn de jìng dì. fù zhài yí yàng, dàn zī chǎn de jià zhí kě yǐ gāo yě kě yǐ dī. zhè yǔ gǔ piào shì chǎng jià zhí chà bù duō, tū rán jiān xià jiàng dào 2000 shì zhí zuǒ yòu. wēi jī shì kě yǐ bì miǎn de, zhǐ shì yīn wèi tóu zī zhě jiāng zī jīn tóu rù dào fáng dì chǎn háng yè. duì yú xǔ duō de měi guó rén lái shuō, zhè jǐn jǐn zhèng shí le ài lún gé lín sī pān suǒ tuī dòng de wén huà, zhài wù shì hǎo de. rú guǒ zhèng míng zhè jié lùn shì cuò de, nà me, wǒ men xiàn zài yīng gāi dōu huì kuài lè ba. |