Two Sundays ago, I presented a deck of charts showing the progression of China’s multiple bubbles as consequence to over $2 trillion of annualized credit expansion in her system [see Chart Porn: The Chinese Yuan’s Mounting Dilemma]
These asset bubbles haven’t occurred simultaneously, but have manifested transitional phases. Or, excessive and destabilizing speculations move from one asset class to another.
Of course, bubble activities highlight on the concentration of speculative activities or the concentration of flow or direction of resources.
The chart above from SocGen essentially represents a condensed version of my various charts. Hat tip Bloomberg’s Haidi Lun
Definitely a watershed moment in history.
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