Switzerland’s Bank of International Settlements was one of the few global financial institutions to correctly warn of the 2008 credit bubble that brought us the Great Recession. Now the BIS is warning that another bubble has formed in the bond market, the largest liquidity pool on the planet.

http://www.arabianmoney.net/gold-silver/2012/12/10/swiss-bis-warns-of-another-2008-style-credit-bubble-about-to-burst/