The problem is that the sector is no longer the growth industry investors thought it was in the 1990s and 2000s, when banks grew through leverage and financial innovation.
问题在于金融部门不再是90年代到2000年后投资者眼中的增长行业,当时银行通过杠杆作用和金融革新来实现增长。
Part of the issue concerns rising levels of leverage within the sector, raising the risk of knock-on effects through the financial system from any slump in real estate sales and prices.
一部分问题与房地产行业中的杠杆水平日益上升有关,这加大了房地产销量和价格一旦大幅下滑将通过金融体系造成连锁效应的风险。
But, in 1998, when Long Term Capital Management ("LTCM") blew up, it nearly brought down the financial system. The problem was excessive leverage as reflected in the financial sector debt.
但是,1998年LTCM危机几乎拖垮整个金融体系,问题在于金融借贷反映出过度的金融杠杆率。
But, in 1998, when Long Term Capital Management ("LTCM") blew up, it nearly brought down the financial system. The problem was excessive leverage as reflected in the financial sector debt.
但是,1998年LTCM危机几乎拖垮整个金融体系,问题在于金融借贷反映出过度的金融杠杆率。
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