Sentence examples for excessive levels of debt from inspiring English sources
"The current recession is a stark reminder that excessive levels of debt are unhealthy, both for individuals and the economy.
At best there will be a long period of weak growth and high unemployment as individuals and banks pay down the excessive levels of debt accumulated in the bubble years.
That has officials worried about excessive levels of debt, which could potentially lead to a crisis akin to the US mortgages fiasco that metastasised into the 2008 credit crunch and subsequent global recession.
Teikoku Data Bank, which compiles corporate credit data, estimates that more than 7 in 10 third-sector leisure companies are carrying excessive levels of debt; of the 30 theme parks it studied, 16 were technically insolvent.
Continuing low interest rates were needed to support a fragile eurozone economy at a time when governments still needed to restructure their economies and cut excessive levels of debt, he said.
Since then, however, inflation has been well under control, and booms have died of old age — or more precisely, they have died because of overbuilding and an excessive level of debt.
"In my view, excessive levels of household debt were the reason the recession was so severe," Mr. Sufi told me, speaking by phone from Chicago.
He believes the recent actions of the Fed, the European Central Bank and the Bank of England endorse his view.Those bears who believe the drama is more likely to resemble 1990 than 1998 base their case on what they think are excessive levels of consumer debt.
Education Department officials have sought to minimize fears that U.S. economic growth could be hampered by Americans' excessive levels of student debt.
