Analyzing and comparing cities using the lens of this basic divide gives interesting context to how investment capital flows and housing prices have shifted.

用这一基本差异的视角分析、比较城市，为变化的投资资本流动和房价提供了耐人寻味的背景。

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During the credit boom, cheap capital flowed into Greece, Ireland, Portugal and Spain to finance trade deficits and housing booms.

整个信贷繁荣期间，廉价资本流入希腊、爱尔兰、葡萄牙和西班牙，为贸易赤字和住房泡沫提供资金。

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The bursting of the housing bubble has led to hefty credit losses: most Western financial institutions are short of capital and some are insolvent.

房地产市场泡沫的破裂造成严重的信贷损失：大多数西方国家金融机构资金短缺，部分已经破产。

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After all, housing and capital spending have wound down to near irreducible desuetude.

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Housing and capital goods spending along with our net trade balance remain depressed but have wound down to nearly irreducible lows.

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This includes inventories, foreign trade, housing and capital spending.

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