If we take total credit as a percentage of the economies of the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent , this is unprecedented it is a gigantic credit bubble
Source: http://www.bnn.ca/News/2013/11/13/More-global-credit-now-then-before-the-financial-crisis-Faber.aspx
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