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On the world's most intractable macroeconomic challenge, unwinding the imbalances between excessive borrowing in America and excess saving elsewhere, the IMF has almost no clout.
Excessive borrowing and risk by households and Wall Street.
He is responsible for Lehman taking large risks in mortgages and financing it with excessive borrowing.
An explosive mix of excessive borrowing and risk by households and Wall Street.
His critics say excessive borrowing and overly generous labor contracts are to blame.
As in the 1990s, there has been excessive borrowing, much of it in hard foreign currencies.
Excessive borrowing is likely to lead to another wave of bad debts.
They enter a bad job market, the hangover from decades of excessive borrowing.
Soaring share prices encourage overinvestment and excessive borrowing by households and firms.
We over-measured it then because consumption was artificially pumped up by excessive borrowing.
In some emerging markets, excessive borrowing in dollars and weakening local currencies have already exposed companies to significant constraints.
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