It is also difficult to trace back to the 1980’s the origins of the credit explosion and the proliferation of exotic and poorly understood financial instruments that lay at the heart of the 2007-2008 crisis. The most dangerous trends, including the upsurge of global imbalances and the dramatic financialization of the economy, accelerated dangerously from about 2004 onwards.
也很难把信用爆炸和难以理解的有毒金融工具——2007—2008危机核心——的源头追溯到20世纪80年代。最危险的趋势——包括全球失衡的激增和经济的大面积金融化——2004年以后才开始危险的加速。