Borrowing has been the answer to all economic troubles in the past 25 years. Now debt itself has become the problem...

Also in this special report:

Paradise foreclosed - The boom has left Florida with an excess of houses, shops and debt

The morning after - A $3 trillion consumer hangover

Betting the balancesheet - Why managers loaded their companies with debt

A better bust? - Bankruptcy is becoming less calamitous

The unkindest cuts - Many countries face the difficult choice of upsetting the markets or upsetting their voters

Judging the judges - The travails of the rating agencies

In a hole - Stagnation, default or inflation await. The only way out is growth