Even without a bubble burst, wasteful spending could be a serious drag on growth.

就算泡沫没有破灭，挥霍浪费的支出仍然可能严重拖累经济增长。

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Recently experts have talked about a real estate bubble which threatens to burst.

近来，一些专家指出房市的泡沫很可能要破灭。

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A housing bubble that burst in 2008 means many households cannot easily increase their taxable spending.

2008年房地产泡沫破裂意味着许多家庭无法轻易地增加他们的应税开销。

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Sometimes the numbers can be pretty dramatic; I mean,2000 was a year of great flux in the markets because that's when the Internet bubble burst.

有些时候投资者的数量很大,像2000年市场的流动性很大,因为在那一年互联网泡沫破裂

耶鲁公开课 - 金融市场课程节选

Interest rates hit 21.5%, a deep recession ensued with unemployment reaching 11%, the agricultural sector slid into depression, a bubble burst in the energy sector, the real estate industry collapsed, and third-world debt burdens nearly brought down the mega banks.

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These days focus is squarely on the bond market as the flashpoint where a bubble could burst.

FORBES: It Started With Tulips, Now Bubble-Watchers Are Looking To The Bond Market

Investors also fear a rise in bad loans should a property bubble burst as it did in Thailand.

CNN: K.L.'s Bargain Banks