The wood deck has deteriorated.
Private firms have assumed dollar loans worth $3 trillion, even though their "debt servicing capacity. . . has deteriorated". Will defaults follow?
But as the debts of these companies and banks have soared, and as the financial health of the countries backing them has deteriorated, the debt specialists are beginning to take note.
With the newspaper industry going through an unexpectedly sharp contraction, Tribune is struggling under $12.8 billion in debt, and its financial condition has deteriorated, creating what specialists say is a very real risk of credit default in the next year or so.
China and Mexico have siphoned jobs away, the state's fiscal condition has deteriorated amid soaring debt, and immigrants in the country illegally are burdening Wisconsin taxpayers, Trump glumly informed a St. Norbert College audience outside Green Bay.
The report admitted Greece's "fiscal outlook has deteriorated" so much that its debt-to-GDP ratio could still be 160% by 2020.
Using a similar approach of deducting short-term debts from reserves, Mr Anderson reckons India's net position has deteriorated.
Of parents going without and in debt, almost a quarter say their disabled child's health has deteriorated because of a lack of money.
It is possible that banks have used financial engineering to take on risks that do not show on their balance sheets, which mostly look healthy.Credit quality has deteriorated rapidly in recent months, both for marketable debt and for bank loans.
Jamaica has had a debt crisis since the 1980s; with repeated bank bailouts and IMF and World Bank prescribed cuts, the situation has deteriorated.
