Let's break this down for you.
I claimed that credit growth in excess of GDP is bubble territory. You disagree, even though it fits your clear definition of a bubble.
Next I show you data going back 30 years, of a group of countries who experienced the above scenario, and noted that all of them bar 2 (that I know of) suffered a financial crisis driven by the crash of said credit bubbles. This is an indisputable fact, you can search for them all one by one if you wish. Pay special attention to the terminology used.
So not only have I applied this to your definition, but I have provided numerous historical examples.
I'm feeling something but it's not embarrassment. It feels more like victory.
- Forums
- Property
- Australian home prices boast best year since 2009, rise nearly 11 pct-CoreLogic
Let's break this down for you. I claimed that credit growth in...
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online