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That's the normal pattern after a giant debt bubble pops.
The Great Recession resulted from the bursting of a giant debt bubble.
Right now, the system cannot easily tolerate such giant debt accumulation.
Despite Brazil's best efforts, its giant debt means it remains vulnerable to outside events.
The constitution owes him, and those who have followed in his footsteps, a giant debt of gratitude.
The program's giant debt makes matters worse because simply covering the interest owed the Treasury consumes from $90 million to $750 million a year, depending on interest rates.
Similar(37)
The medicine included a giant debt-refinancing package and what was at the time the largest rights issue in British history (RBS now holds this title, after raising £12 billion in equity in early 2008).
Mr. di Montezemolo, 56, has also been appointed chairman of the giant debt-burdened Fiat, Italy's biggest private-sector employer, at a time when European rivals have elbowed the Turin-based automaker out of its traditional small-car markets and as it faces critical decisions about its future.
And the European Parliament is chock-full of MEPs who think that City bankers and wicked Anglo-Saxon markets are entirely responsible for the current euro crisis (rather than, say, the euro zone politicians who spent a decade running up giant debts).
These giant debts triggered the crash of 2008 because creditors refused to roll over short-term loans to banks, and caused the simultaneous recession because banks stopped lending, and have brought about our current economic malaise because our ability to spend and invest is hobbled by the imperative of repaying what we owe.
We will go through a giant debt-restructuring, because we either have to bring debt-service payments down so they are low relative to incomes -- the cash flows that are being produced to service them -- or we are going to have to raise incomes by printing a lot of money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com