In today’s post, the focus will be on the debt bubble that continues to grow by the day. We have looked at the personal debt bubble on a number of occasions here in Financial Regulation Matters , so in this post we will look at the recent comments made by the head of the Financial Conduct Authority (FCA) – Andrew Bailey – and assess whether his views are a. appropriate and b. sufficient enough to garner any sort of change. One of the issues that we see over and over again is that the focus of people’s attention is so narrow that only very limited changes can be affected, and ultimately it is then likely that the underlying causes of the issues will remain and effect society at some point in the future. We have discussed this issue of the debt bubble a number of times before in Financial Regulation Matters , ranging from analyses regarding those deemed to be ‘ financially excluded ’ which often leads to credit dependency, to the rapid increase of credit dependency in certain se...