这能够持续下去，还是只是泡沫现象？

Is it sustainable or is it a bubble?

youdao

羊群心理是人类的弱点，这触发了泡沫现象。

The herd mentality is a human weakness that underpins bubble phenomenon.

youdao

此外，部分经济起飞，貌似呈现泡沫现象，特别是房地产。

Moreover, some of the economic boom appears attributable to a bubble, particularly in real estate.

youdao

The lesson is, I think, that we have a glamour-city phenomenon-- that excitement about real estate prices-- centered in places like Los Angeles, but it's spreading and becoming more and more of a national phenomenon and that's the bubble.

我想,教训就是,一种"魅力之都"现象,刺激了房地产的繁荣,起始于像洛杉矶这种城市,随后广为扩散,逐渐演变成一种全国性的现象,这就是泡沫

耶鲁公开课 - 金融市场课程节选