Where's the Bubble Coming From?

Here's the chart from Bloomberg showing dollar lending in China jumping from $250 billion to $350 billion in.

Why the dollar loans in China? Simple. It's a bet on the Yuan against the dollar. The bubble is getting frothy. Look at today's 130 points on the DJIA. Low volume again.

And by the way, do the Chinese realize the irony in their admonition to Obama that the dollar carry trade is creating asset bubbles? Do they remember buying hundreds of billions of MBS from 2003-07, contributing to the US housing bubble? Also, do they realize that as soon as they opened their mouths, the dollar dropped 1% against the Yen, Euro, and Pound, Gold jumped 1.3%, and the DJIA popped up 150?

Global assets and equities are most clearly in a humongous bubble.