So making wages more flexible, say, does nothing except worsen balance sheet problems.
But the worsening balance sheet of U.S. consumers in 1990-91 (debt ratios, debt servicing ratios, employment contraction, wealth effects of housing and stock markets) was much less severe than the current downturn.
As Hostess's balance sheet worsened, Ripplewood stopped seeking the payments, these people said.
However, for SWNT film with almost no presence of metallic tubes, i.e., 95% pure S-SWNT, the sheet resistance worsened after annealing (Figure 2, black plot).
However, previous studies have found that rapid loan supply worsens balance sheet strength.
So there is no reason to believe that cutting wages would be helpful; on the contrary, falling wages would worsen the balance-sheet problem, a point some of us have been making for quite a while.
After all, once fear sets in, notes Caballero, its effects multiply: "One of the most destructive things in a crisis is that panic in the financial system creates problems in the rest of the economy, which affects consumer confidence, which worsens the balance sheets of banks.
The Council's emphasis was on additional capital rather than loans, which would worsen national balance sheets; and on a Europe-wide response rather than one focused on some immediate source of alarm such as Spain.
The CBO has projected an increase in the deficit to $594 billion for fiscal 2017, so it's painfully clear that this country's balance sheet is worsening.
Flooding worsened all day Sunday until the predawn peak Monday when more than two-thirds of the flood channels were under sheets of rainwater.
