in other words, bank-credit expansion during the boom period encourages entrepreneurs to act as if savings had increased when in fact this is not the case.
换句话说,繁荣期的银行信用扩张促使企业家们行动起来,就像真实储蓄增加一样,但事实上储蓄没有增加。
while very strong developing country growth during the boom period may reflect underlying growth potential, the global financial conditions that fueled it were clearly unsustainable.