Meanwhile, two speculative bubbles – in the real estate market and in mortgages – have become grafted upon each other and now dominate economic activity in the US. A crash, or at least a sharp spasm, is quite likely in the near future, and the consequences – for America and the world – may be catastrophic.
同时，两个投机泡沫——房地产市场和按揭——彼此相互影响作用并控制了如今美国国内的所有经济活动。在不久的将来，很有可能导致经济崩溃，或至少是剧烈震荡，这对美国和全世界所造成的后果也许是灾难性的。