During a boom, highly leveraged investment Banks encourage a credit bubble, whereas in a credit bust they have to deleverage faster.

繁荣期间，高杠杆化的投资银行会激起信贷泡沫，而当信贷紧缩时，他们又不得不更快的收起杠杆。

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I also expect that the bursting of the alchemy bubble in the credit markets won't seriously disrupt the global boom.

我还认为，信贷市场炼金术泡沫的破裂不会严重破坏全球繁荣。

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This crisis, like most others in rich countries, emerged from a property bubble and a credit boom.

此次经济危机同发生在发达国家的其他多数危机一样，都是源于房产泡沫以及信贷扩张。

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Mr Mishkin, a former Fed governor, draws a contrast between credit-boom bubbles and irrational exuberance in stockmarkets, such as the dotcom bubble.

ECONOMIST: What regulators should do now

His play, The Great Hargeisa Goat Bubble, managed to explain the boom and bust in credit derivatives leading up to the financial crisis of 2008-09, all with the help of a crazy parable involving goats.

BBC: The Squanderland Roof and the eurozone crisis