Smells like people owe loans to the banks... 

 Must be. 

 Then smells like Greece before... you know... 

 Reminds me of right before the US housing market collapsed. Houses and cars and TVs getting bigger and bigger. 

 The same pattern everywhere... 

 Yeah. We never have debt, except for mortgages, so we always feel poor. Paradox. 

 People obviously thought they had a stable economy and things continue to be as usual, so they thought they can afford a loan to make their silly dream true. 
No one guarantees a stable economy though... 

 They are in debt out the nose.   Everybody is.  And that is dangerous.   In a healthy economy, somebody might take out say a million dollar loan, and build a factory that creates say two million in wealth, so the debt is sustainable.   However, today, most debt is leveraged into things like housing bubbles, stock bubbles, and other things that aid consumption, but don't PRODUCE any real new wealth.   

Our society is going to learn the hard way, that extra low interest rates, don't "stimulate" the economy, and DO create bubbles.    A lot of people want low interest rates, but in truth we should want high interest rates, so capital can be allocated by the market, and not by the central bank printing up money.   Central bank imposed low interest rates do not help the real people who produce real wealth, it destroys them.    

 ^ So much this