A still bigger concern is that the US housing bubble will burst, causing American consumers to cut spending sharply.
还有一个更大的担忧是,美国的房产泡沫会破灭,引起美国消费者大幅削减支出。
The recent US housing bubble had a similar process of moving from prime to subprime mortgages.
近期的美国住宅市场泡沫也经历了一个类似过程,从优质抵押贷款蔓延至次贷。
The same fate has befallen the big three credit rating agencies, whose deeply flawed ratings were exposed when the US housing bubble burst.
同样的命运也降临在三大信用评级机构身上,美国住房泡沫的破灭暴露出他们的评级有着重大缺陷。
Goldman insiders say this was due to the timing of the CDO, just before the end of the US housing bubble in April 200
高盛内部人士表示,这是由于该CDO推出的时机——2007年4月,就在美国住宅市场泡沫破裂之前。