In fact, households never really recovered from the reunification - induced boom of the early 1990s, with spending lagging behind the us for much of the decade.

实际上，自上世纪90年代两德统一引发的消费热潮结束以来，家庭消费状况从未真正复苏过。在过去十年的大部分时间内，德国的消费水平一直落后于美国。

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But in their state of boom-induced euphoria, the lenders stopped up their ears.

FORBES: Magazine Article

Economists trained in the Austrian framework recognised early on that the recent boom was induced by rampant credit and money creation rather than sustainable economic growth, and correctly predicted the inevitable bust.

ECONOMIST: Economic reasoning