The great housing bubble of the last decade, which was both an American and a European phenomenon, was accompanied by a huge rise in household debt.

上个年代里的房地产巨型泡沫现象，不但发生在美国，也发生在欧洲。伴随着这个泡沫的是家庭债务的大幅增加。

youdao

Real estate is one of the important carriers of asset price bubble, and the collapse of housing bubble will cause great damage to finance and economy systems.

房地产是资产价格泡沫的一种主要载体，而房地产泡沫的破灭则会给金融体系和国民经济造成巨大危害。

youdao

When in 2007, the great California housing bubble collapsed, the inflow of people and dollars dropped off.

FORBES: Magazine Article

You know Bernanke, the same Federal Reserve Chairman currently nurturing a monetary bubble already larger than the one that gave us the housing bubble turn bust turn Great Recession (see HERE ).

FORBES: Monetary Watch, Japan True Money Supply

Every economic disaster during the last 100 years has its origins in bad government economic policies, from the Smoot-Hawley Tariff, which triggered the Great Depression, to the Federal Reserve's excessive printing of money, which brought us the Great Inflation of the 1970s and the recent housing bubble.

FORBES: Active Government = Unstable Economy