Bubbles come in different shapes and forms, but it is striking how often they are the byproduct of attempts to make difficult economic transitions. This was true of the US stock market in the late 1920s as Americans stumbled towards the hegemonic global role previously played by the British.
泡沫以不同的形式出現,但引人注目的是,它們常常是努力進行艱難經濟轉型的副產品。上世紀20年代末期美國股市泡沫就是經濟轉型的副產品,當時美國正跌跌撞撞地邁向早先由英國占據的全球霸主地位。
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