From the bursting of the subprime bubble to the unravelling of the eurozone debt crisis, the developed world is still coming to terms with the aftermath of its credit binge. Emerging markets have looked relatively sober by comparison. But there are worrying signs that they too have begun to overindulge.
从次贷泡沫破裂到欧元区债务危机的愈演愈烈，发达国家一直疲于应对自身信贷狂欢的后果。相形之下，新兴市场看起来相对节制。但现在新兴市场也开始显露出过度放纵的迹象，令人担心。
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