In the case of the U.S. economy now, the double-whammy of wealth shocks from the real-estate bubble and the stock-market crash has made consumers understandably cautious.

• 就现在美国经济而言，财富存量遭受房产泡沫和股市崩盘的双重打击，这也使得消费者变得小心，这是可以理解的。