FT.com warns us of the impending commercial property bubble and its potential bursting!

http://www.ft.com/cms/s/0/c4e12218-ced4-11de-8a4b-00144feabdc0.html

Caitlin Long warns us that there is another impending credit fuelled bubble that is due to be created to accommodate the commercial property market renewals in the next few years. Either a new bubble will emerge as this large level of re-issuance is financed by new bank credit creation, or there will be another bust of epic proportions should this not happen. Either-way, if it gets funded this will cause more mis-allocation of capital to this and associated sectors prolonging the recovery. If it does not get funded, then we could be back with another Lehman style “event” with all its terrible consequences.