投资陷阱指货币转化为资本的过程。
州引导的救援却充满了道德上的风险：投资者会不会使用“欺骗贷款”手段，当所有一切都不对头的时候，明知纳税人准备跳进陷阱，却还要推他们一把？
State-led rescues are fraught with moralhazard: what investor wouldn't take on that “liarloan”, knowing that the taxpayer is ready to jump in and help when itall goes wrong?
和以往一样，投资者面临的挑战是在避开陷阱的同时把握机遇。
The challenge for investors, as always, is to seize the opportunities while avoiding the traps.
外部的信贷源头将会枯竭，因为海外的投资者、银行和企业担心自己的资金进入陷阱。
External sources of credit would dry up because foreign investors, Banks and companies would fear that their money would be trapped.
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