Data from McKinsey Global Institute (concerning at least to largely to private debt) suggests that the answer might be "yes", especially relative to most countries
http://www.powerlineblog.com/archives/2012/01/u-s-deleveraging-unlike-some.php
Monday, January 23, 2012
Is the U.S. already far along the painful deleveraging process?
2:05 PM
Stuart Pardau Bio
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