True enough, interest rates were falling, though not as fast as the fall in expected profit on new investment. So, even in the so-called boom years, most Western economies were kept afloat not by new investment, but by asset bubbles based on increasingly unsustainable leverage.
诚然，利率在下降，尽管不如新投资预期利润下降得那么快。因此，即使在所谓的繁荣年份，大部分西方经济体的增长并不是新投资支撑的，而是基于日益不可持续的杠杆的资产泡沫支撑的。