Mr Rodríguez thinks that occasional local bubbles may even be better than bubble-free growth.

罗德里格认为偶尔出现地域性金融泡沫甚至比无泡沫的增长更好。

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Britain, at least, was able to tailor its interest rates to local conditions, but not by enough to prevent a housing bubble.

至少英国还能根据本土情况定制利率，但这仍不足以防止房市泡沫。

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Japan's bubble was able to deflate gradually over a decade because it had been financed by local Banks that could control the pace of asset deflation.

日本泡沫在过去10年来得以逐步挤出，是因为它通过本地银行筹集经费，以控制资产紧缩的速度。

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Only ginger ale and a favorite local soft drink called Bubble-Up were served.

VOA: standard.2010.02.25

Brazil is also wrestling with inflation, thanks to a QE2 fed commodities bubble and local demand for credit and consumer goods and services driving up prices.

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The timing, which combines a local recession and hints of the end of the dot.com bubble with worries about the millennium bug, is scarcely propitious.

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Alan Greenspan, chairman of the Federal Reserve, has argued that while America has regional housing hotspots, such as in California and New York, a national bubble is highly unlikely because prices are determined largely by local factors.

ECONOMIST: Global house prices