Bubbles – as shown by the emerging markets headrush of the late 1990s, the dotcom frenzy that followed it, and the subsequent popping of the credit boom – have many pernicious effects.

正如上世纪90年代末的新兴市场热潮、继而出现的网络狂热、以及接下来突现的信贷繁荣所显示的那样，泡沫有众多致命影响。

youdao

Bubbles – as shown by the emerging markets headrush of the late 1990s, the dotcom frenzy that followed it, and the subsequent popping of the credit boom – have many pernicious effects.

正如上世纪90年代末的新兴市场热潮、继而出现的网络狂热、以及接下来突现的信贷繁荣所显示的那样，泡沫有众多致命影响。

youdao