As they cut interest rates in response to each market wobble, the result was a series of bubbles, first in technology shares and then in housing.

各机构降低利率应对每一次市场疲弱，结果又制造了一连串泡沫，先是科技股，然后是房地产。

youdao

Bubbles occur when the population develops an enthusiasm for a particular asset class, whether it be technology stocks in the late 1990s or houses in the mid-2000s.

无论是上世纪末90年代的科技股还是2000年代的房产，当人们对于某种特定的资产类别热情高涨时，就产生了经济泡沫。

youdao

The theorist behind this prediction is Didier Sornette at the Swiss Federal Institute of Technology, in Zurich, who has pioneered the study of market bubbles.

这一预测背后的理论家是位于苏黎世的瑞士联邦理工学院Didier Sornette，是研究市场泡沫的先驱者。

youdao

As they cut interest rates in response to each market wobble, the result was a series of bubbles, first in technology shares and then in housing.

ECONOMIST: Unrepentant bears

The team tried to blow up the bubbles chemically and through infrared technology, but decided neither was commercially viable.

FORBES: Magazine Article

Consider that during this 42-year period we had wars, financial and energy crises, technology and real estate bubbles, and of course periods of high market volatility.

FORBES: The Long and the Short of Europe