Check out the following articles as well:
Marc Faber says investors should fear China’s ‘colossal credit bubble’
China to Deflate Credit Bubble
Mainland China's First Default Raises Specter Of China's Credit Bubble Collapse
Fed Uneasy About Fuelling Credit Bubble
Asia 'at risk of emerging credit bubble'
Insights From Former Fed Chairmen
China’s First Debt Default – Harbinger of End of Credit Bubble?
Thailand: In wake of housing bubble, credit bubble could burst soon
The Emerging Markets Bubble (or The “BRIC” Bubble)
The History of Credit Bubbles
China to Deflate Credit Bubble
Mainland China's First Default Raises Specter Of China's Credit Bubble Collapse
Fed Uneasy About Fuelling Credit Bubble
Asia 'at risk of emerging credit bubble'
Insights From Former Fed Chairmen
China’s First Debt Default – Harbinger of End of Credit Bubble?
Thailand: In wake of housing bubble, credit bubble could burst soon
The Emerging Markets Bubble (or The “BRIC” Bubble)
The History of Credit Bubbles
Finally, if you would like to know more about credit bubbles, please read Bill Bonner and Addison Wiggin's article on credit bubbles AT THIS LINK (highly recommended).
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises-
UP41 I remember the banana money / paper notes that worth nothing except to remind us the end result of printing money without backing of economic growth during Jap occupation here.
Of course it is not called printing money now - it is called QE in US, target inflation in Japan and property boom in Malaysia. Should I include ETP and Satu whatnot too ?