The recession should have gone longer, and reduced overall debt levels. (alephblog.com)
My view is that we will only get out of this mess as overall debt levels are reduced to around 1.5 x GDP, and ordinary lending to high quality borrowers begins again. (alephblog.com)
However, while overall debt levels increased sharply last year, it was actually slower than the increase recorded in nominal GDP, seeing the global debt - to - GDP ratio fall to 318 %. (businessinsider.com)