Federal Reserve Chairman Ben Bernanke and U.K. Finance Minister George Osborne are creating the conditions for the next global credit bubble, according to Societe Generale veteran strategist Albert Edwards.
Edwards, who is known for his extremely bearish views, said that Osborne's schemes to support the U.K. housing market, and Bernanke's continuance of monetary stimulus, were pushing the world towards another boom-and-bust situation.
"In the same way that we spent the years 2001-2007 heaping derision on Alan Greenspan as being the chief architect of the global credit bubble and subsequent bust, we must now do the same for Fed Chair Ben Bernanke and U.K. Finance Minister George Osborne," Edwards wrote in a research note on Thursday.
(Read more: House prices: The real sign a bubble is approaching)
He pointed the finger at Osborne in particular, saying he will bear "primary responsibility" for the next economic bust because, of his efforts to shore up Britain's housing market.
Both the U.K. government's "Funding for Lending" scheme, which offers banks money at a cheaper rate in order to boost lending, and its "Help to Buy" program, which offers homebuyers loans of up to 20 percent towards a new property, have been criticized amid fears that the housing market is inflating.