For a decade, US high-risk borrowers insisted no one should worry about leverage, just pay attention to coverage. Low interest rates implied that for any given dollar of debt, periodic servicing costs would be manageable, allowing for incrementally higher leverage.
10年來，美國高風險借款人堅持認爲，人們不應該擔心槓桿，只需關注覆蓋率即可。低利率意味著，對於任何一美元的債務，定期的償債成本都是可控的，從而允許逐步提高槓杆率。
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