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年来，美国高风险借款人坚持认为，人们不应该担心杠杆，只需关注覆盖率即可。低利率意味着，对于任何一美元的债务，定期的偿债成本都是可控的，从而允许逐步提高杠杆率。
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