One worrying lesson for bankers and regulators everywhere to bear in mind is post-bubble Japan.
对世界各地的银行和管理层来说，后泡沫时代的日本是一个不可忽视的痛苦教训。
And on some counts today's post-bubble policy challenges are more complex than anything Japanese policymakers ever faced.
在一些问题上，今天后泡沫时代的政策挑战比当时日本的决策者面临的任何挑战都更复杂。
The pressure on companies to cut costs is nothing like it was when Japan was trying to dig itself out of its post-bubble mess.
与日本泡沫经济破灭后自救的压力相比，企业背负的这种削减开支的压力自然不可同日而语。
If only. The post-bubble backlash gave rise to useful new regulations, but it had no discernible impact on Wall Street’s actual business.
虽然泡沫破灭后的冲击引出了有效的新监管措施，但是这对华尔街的实际生意并没有什么大影响。
Yet Texas has managed to avoid severe stress to either its housing market or its banking system, while Georgia is suffering severe post-bubble trauma.
就在佐治亚正遭受着严重的后泡沫创伤之时，得克萨斯却设法在房地产市场和其银行系统两个方面都避开重压。
Yet Texas has managed to avoid severe stress to either its housing market or its banking system, while Georgia is suffering severe post-bubble trauma.
就在佐治亚正遭受着严重的后泡沫创伤之时，得克萨斯却设法在房地产市场和其银行系统两个方面都避开重压。
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