Markets are getting dizzy, the expansion is long in the tooth, interest rates are rising and the credit industry is looking to ease standards so that more people can borrow more money. What could possibly go wrong?

Markets are getting dizzy, the expansion is long in the tooth, interest rates are rising and the credit industry is looking to ease standards so that more people can borrow more money. What could possibly go wrong? https://t.co/8zFLXMPVic

— Walter Russell Mead (@wrmead) October 22, 2018