Put differently, the bust that follows years of a debt-fueled boom leaves behind an economy that supplies too much of the wrong kind of good relative to the changed demand. Unlike a normal cyclical recession, in which demand falls across the board and recovery requires merely rehiring laid-off workers to resume their old jobs, economic recovery following a lending bust typically requires workers to move across industries and to new locations.
换言之，继多年举债维持的繁荣而来的泡沫破灭造成了这样一种经济：同已变化的需求格格不入的那些货物太多了。这种衰退不同于普通的周期性衰退，在普通的周期性衰退里，需求下滑是普遍的，而复苏也仅需重新雇佣原先被解雇的工人就可以了。信贷泡沫破灭后的经济复苏，往往需要依靠劳动力的跨行业转移。