Credit relative to GDP, then, does not grow in a straight line, thanks to the economic cycle. But even in the longer term a rising trend is not inevitable.
由于经济周期,贷款与GDP的比并不总是呈直线增长,但从更长期看增长势头并不是不可避免。
2
Even for those who have read the entire cycle and watched the HBO series, too much has gone before, over too many years, to keep it all straight.