And yet, although tumbling house prices and a sharp credit contraction could indeed pull the economy into a noxious downward spiral, the evidence of such an economic disaster is, as yet, slim.

• 虽然翻着跟斗一路下跌的房价和骤然紧缩的房价的确把经济拉下马，进入一个不良的循环，但是就此断言经济灾难还是没有证据的空谈。