在每一次爆发之后，那些幸存的公司开始暂时规避风险投资，降低杠杆比率。
After each blowup, the firms that survive temporarily shy away from risky ventures and cut back on leverage.
比如在衰退中，当失望的人们暂时退出劳动队伍，愿意工作的人所占的比率可能会下降。
The share of people willing to work may fall in a recession, for instance, as discouraged people temporarily drop out of the workforce.
在每一次爆发之后，那些幸存的公司开始暂时规避风险投资，降低杠杆比率。
After each blowup, the firms that survive temporarily shy away from risky venture capitals and cut back on leverage.
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