There are times when being proven right brings no pleasure. For several years, I argued that America’s economy was being supported by a housing bubble that had replaced the stock market bubble of the 1990’s.
有些时候即便证明自己正确也毫无快感可言。过去几年来，我一直认为美国的经济是由房地产泡沫支撑着。这种泡沫取代了1990年代的股市泡沫。但没有泡沫可以无限膨胀。随着美国中产阶级的收入滞胀，美国人买不起越来越贵的房产了。