If a bubble in share prices or property threatens the whole economy, better to prick it surgically rather than bludgeon everyone with higher interest rates.

如果股价泡沫或者房产泡沫威胁到了整个经济，与其用高利率强压每个人，还不如谨慎地刺破它。

youdao

Will these prick the liquidity bubble?

它会刺破流动性泡沫吗？

youdao

In Asia policymakers are trying to prick a bubble. In America they are still dealing with the consequences of the last one.

在亚洲，决策者正竭力戳破泡沫，而在美国，决策者正在对付泡沫破裂的后果。

youdao

By raising interest rates to prick the bubble of inflation, the Fed induces a mild recession that is particularly hard on smaller companies.

FORBES: This Time, Inflation Will Be Good For Stocks

With housing showing unmistakable signs of cooling in recent weeks, it seems Fed Chief Ben Bernanke is right to think that the rise in interest rates to 5.25% has been sufficient to prick the bubble (his predecessor, Alan Greenspan, went to 6.5% in 2000 to prick the dot-com bubble).

FORBES: Fed Takes A Breath

The Federal Reserve's Alan Greenspan has declared himself fully vindicated in his decision not to prick the stockmarket bubble in the late 1990s, but instead to wait for it to burst and then cut rates sharply to cushion the economic consequences.

ECONOMIST: Yesterday's financial architecture needs refurbishing