For last 3 decades whenever economy slowed down, credit was constantly pumped into the system. Every time the system tried to cleanse itself, credit was pumped making the system sicker. This constant pumping of credit has created bubble after bubble. If we just look at the last decade we saw tech bubble, once it burst, more credit was pumped and it created housing bubble, after the burst of housing bubble we saw stock market burst and than money went into commodity and it burst in 2008. This huge expansion in credit has to deleverage and the process has already started for consumer and private sector and the government is trying to offset it by adding to the credit supply but in the process creating new government.com bubble?
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