But all bubbles, as we have painfully learned about finance, must eventually burst.
但是泡沫总有破裂的一天，我们已经痛苦地从金融领域得到教训。
But all bubbles are identifiable, and the process described in the paragraph above is not invisible to the naked eye.
不过，所有泡沫都是可以辨认的，即使仅凭肉眼也能观察到上文中所描述的过程。
The same can't be said for all bubbles; many homeowners aren't better off just because the real-estate frenzy put millions of people into homes they couldn't afford.
并不是所有的泡沫都能产生同样的结果：地产业的疯狂让数百万人购买了自己无力负担的房产，许多房主并未因此生活得更好。
All bubbles start with a good story: Manias over dot.com companies, U.S. homes, even tulip bulbs all began the same way.
所有的泡沫都开始于一个美丽的故事: dot.com网络企业的疯狂,美国的房市,甚至郁金香市场的泡沫开始的时候都是这样.
All bubbles start with a good story: Manias over dot.com companies, U.S. homes, even tulip bulbs all began the same way.
所有的泡沫都开始于一个美丽的故事: dot.com网络企业的疯狂,美国的房市,甚至郁金香市场的泡沫开始的时候都是这样.
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