Even in the best of circumstances, the consequences of the biggest asset and credit bubble in history will linger.

即使在最好的情况下，史上最大资产和信贷泡沫的后果仍将徘徊在附近。

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If we are experiencing the greatest global boom, aren't we also witnessing the greatest global bubble of all times in almost all asset classes?

如果说我们正置身全球最繁荣的时期，我们是否也在见证有史以来几乎所有资产类别中最大的全球泡沫呢？

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Once again, we are seeing the puncturing of a speculative bubble that was the result of asset prices soaring high above the underlying value of the assets.

再一次，我们目睹了严重脱离固有价值的资产价格飞涨导致的投机性泡沫被戳穿的景象。

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Ominously, Mr Morris sees a closer parallel in the great Japanese asset bubble of the 1980s.

ECONOMIST: The credit crunch

The recession was caused not, as before, by inflation taking off, but by the bursting of an asset-price bubble.

ECONOMIST: The world economy

Last week the government announced measures to cool property prices including higher stamp duties because of concerns that an asset bubble is being created.

BBC: Hong Kong to see higher growth amid signs of recovery