But this crisis was caused by the largest asset-price and credit bubble in history-even bigger than that in Japan in the late 1980s or America in the late 1920s.
但这次，形成危机的资产价格和信额泡沫远大于1980晚期的日本或1920年晚期的美国，规模之大史无前例。
The origins of this crisis lie in the biggest asset bubble in history;
这一危机的根源在于历史上最大的资产泡沫（浪潮？）
Many economists, myself included, believe that China's asset-buying spree helped inflate the housing bubble, setting the stage for the global financial crisis.
包括本人在内的许多经济学家认为，中国疯狂购买资产对住房泡沫的形成起了推波助澜的作用，从而为全球金融危机搭建了舞台。
Many economists, myself included, believe that China's asset-buying spree helped inflate the housing bubble, setting the stage for the global financial crisis.
包括本人在内的许多经济学家认为，中国疯狂购买资产对住房泡沫的形成起了推波助澜的作用，从而为全球金融危机搭建了舞台。
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