What may change the story are sovereign defaults as government debt levels get too high. (alephblog.com)
While the BoJ has argued that central bank asset purchases would not work in the absence of structural reforms, strategists said that high government debt levels will constrain fiscal expansion. (cnbc.com)
In recent years, some things have been labeled the «Next Lehman,» like China's potential economic slowdown, a bankruptcy of Greece or high U.S. government debt levels. (leithwheeler.com)