I disagree. There are only 6 teams capable of doing anything in this league and MC have only faced two of them; Tottenham who were not in the right place and MU who havent been convincing and who wouldnt have been flogged if they didnt give up for the last 15 minutes of that match. Sure, it's probably the highest quality football league in the world but the top 6 are miles ahead of the rest.
All that money had to pay off eventually...though if David Silva gets injured, I suspect they will hit a wall.
Also, if you look at the Champions League (the league featuring the best of the best), MC have lost twice, most recently this morning to Napoli (2-1) and they did not look themselves. When up against a real opposition, they have appeared to falter.