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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>"BIS warns of Great Depression dangers from credit spree" | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="8r7dCpO2QX"&gt;&lt;a href="https://www.nakedcapitalism.com/2007/06/bis-warns-of-great-depression-dangers.html"&gt;"BIS warns of Great Depression dangers from credit spree"&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2007/06/bis-warns-of-great-depression-dangers.html/embed#?secret=8r7dCpO2QX" width="600" height="338" title="&#x201C;"BIS warns of Great Depression dangers from credit spree"&#x201D; &#x2014; naked capitalism" data-secret="8r7dCpO2QX" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Ooh, when it rains, it pours. First Bear, now this. However, readers of this blog will know we have been posting for some time on rampant liquidity, inadequate risk premia, lax lending, and overvalued assets every where you look. We thank Michael Panzner of Financial Armageddon for pointing out this story from the UK&#x2019;s Telegraph. [&hellip;]</description></oembed>

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