Here Is The Credit Bubble

credit-bubble cc

(From Zerohedge)

When in several years, experts will clamor that “nobody could have possibly seen it coming”, we want to make sure that at least our readers “saw it coming” wide and clear from a mile away.

The chart below shows very clearly what is the next bubble, one which has nothing to do with such philosophical concepts as “what is money”, or “net is not gross”, and everything to do with a clear injection of debt with the sole intention of shifting consumer preferences and (mis)allocating capital.

Click here for the article.