Trade grew explosively, commodity prices boomed and the developing world asserted itself more confidently on the world stage.

贸易呈爆炸性增长，商品价格大幅上涨，发展中世界在世界舞台上更加自信。

Price booms come back to the simple rules of economics.

价格上涨回归到简单的经济学规则。

And unlike the last recession where we saw housing prices plummet, now we're seeing housing prices boom alongside the stock market.

不像上次的经济衰退，我们看到房价暴跌，现在我们看到房价随着股票市场一起上涨。

That brings us to the second stage of an economic bubble: a price boom.

这将我们带到了经济泡沫的第二阶段：价格繁荣。

Well, I did, although the Brazilian home price boom is interpreted by most Brazilians as a sign of the country emerging.

好吧，我做到了，尽管巴西房价上涨被大多数巴西人解释为该国崛起的标志。