Cheap exports, not cheap money.

廉价的出口，而非廉价的货币。

Cheap money is often the problem.

问题常常出在廉价资金上。

But this is where cheap money comes in.

但是松动资金就流向这些地方。

Cheap money fuelled America's bubble.

低息贷款加剧了美国的泡沫。

But in the short term, cheap money is a potent force.

但短期来看，廉价资金是一股强劲动力。