The widening gap between the Labour productivity increase and the consumption preference leads to the excess liquidity that feeds bubbles.
劳动生产率上升和消费偏好之间日益扩大的差距，会导致流动性过剩，从而催生泡沫。
It feeds on itself quite frequently, leading to accentuated periods of "greed" and "fear" that tend to be labeled "bubbles" or "black swans," respectively.
人性经常会自我强化，导致周期性的贪婪与恐惧，最终分别成为泡沫或者黑天鹅。
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