REASON FOR MARKETS SURGE?

From D. Noland´s latest Credit Bubble Bulletin : (from email sent to me from friend Rienhard Stompe)

Bank Credit has expanded an alarming $226.5 billion over the past 8 weeks (21.8% annualized). For the week, Bank Credit surged $41.8 billion for the week of February 23 to a record $6.971 Trillion. Securities Holdings rose $13.6 billion, with gains of $42.1 billion over the past four weeks. Loans & Leases jumped a notable $28.2 billion, with 5-week gains of $87.3 billion. Commercial & Industrial (C&I) loans added $1.9 billion. Real Estate loans jumped $27.2 billion. Real Estate loans are up $335.8 billion, or 14.8%, over the past 52 weeks. For the week, consumer loans increased $0.8 billion, and Securities loans added $3.7 billion. Other loans dipped $5.3 billion.

http://www.prudentbear.com/creditbubblebulletin.asp