Economies expand and contract on credit and credit availability. Financial institutions lend at every turn during the business cycle, until they stop. The stopping point has been historically in the range of 10% t 12% of GDP. While the 1980's boom was at outlier, most recessions follow the peak in loans.Now is the time to "not get out over your ski's" with risk and be aware.Chart courtesy of:Jesse Colombo, analyst at Clarity Financial, providing this chart for Real Investment Advice