But when the gross debt stock is huge and economic conditions difficult, the chances that many entities are bankrupt is high.
但是,当债务总额巨大而经济环境艰难时,许多实体破产的几率就很高。
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For instance, Enron went bankrupt. The market said their stock was worthless and under State Anti-Fraud laws, these individuals were prosecuted and put in jail.
That puts the consumer sentiment index at a level last seen in 2009, when Citi (c) was assumed to be bankrupt and the stock market fetched half its current price.