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.
