过去22个月中，一股冲击波从美国住宅市场散播开来，一行挨一行，一国接一国。
Over the past 22 months the shock has spread from American housing, sector by sector, economy by economy.
另一方面，如果新规则确实有影响投行充当做市商积极性的效果——这似乎正是新规制定者的意图，那我们就损失了一个冲击缓冲器。
On the other hand, if the rules do have what appears to be the desired effect of discouraging investment Banks from being market makers, then we lose a shock absorber.
其他饱受次级债冲击的投行股价在本星期初也出现了回升。
The shares of its investment-banking peers, which had also been caught in the storm, bounced back early in the week (see chart).
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