Credit CARDS are an interesting commodity.
信用卡是一种很有趣的商品。
Investors might have coped with the credit crunch if it were not for the high commodity prices, and vice versa.
如果不出现过高的商品价格,投资者也许能对付得了信贷紧缩,反之亦然。
On the surface, this looks like 2003 and 2004 when the previous housing, credit, commodity and equity bubbles started to inflate, helped by low nominal interest rates and a lack of inflation.
从表面上看,这与2003年至2004年的情况相似:上一轮房地产、信贷、大宗商品和股市泡沫就是在那时开始膨胀,主要受低名义利率和低通胀的推动。
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