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。

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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？）

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The asset bubble that deflated in the financial crisis resulted, and today unemployment is 10%.

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We could create an asset bubble worse than the previous one which could lead to another financial crisis not this year, not next year but two or three years down the line if we keep on doing these (easing) policies.

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