这是一个骤变的时代,更是一个理性的时代。泡沫,特别是房地产泡沫无疑体现了这一特征。至今,人们对历史上的经济泡沫仍然心有余悸。最早的泡沫现象可以追溯到1634-1637年间荷兰的郁金香狂潮,以及1719-1720年法国的密西西比泡沫和英国的南海泡沫,在那几次泡沫破裂期间,不少投资者纷纷破产,损失惨重。如果说早期泡沫还只是资产价格的暴涨暴跌,那么近代的经济泡沫则具有国民经济规模了。在国外,日本20世纪80年代的房地产泡沫对日 This is a sudden era, but also a rational era. Bubbles, especially the real estate bubble undoubtedly reflects this feature. So far, people are still in a lingering fear of the economic bubble in history. The earliest bubble phenomenon can be traced back to Holland’s tulip craze in 1634-1637, the French Mississippi bubble of 1719-17 and the British South Sea bubble, during which time many investors went bankrupt and suffered heavy losses. If the early bubble is just a sharp plunge in asset prices, then the modern economic bubble has the scale of the national economy. Abroad, the real estate bubble of Japan in the 1980s went to Japan