Steve Keen: The USA -- All Systems Go?

``When you look back over the previous forty five years (and in fact over the whole post-WWII period), at 145% of GDP, the USA's recovery is beginning from the highest level of private debt it's ever carried at that point in the economic cycle. So the US recovery will run out of steam a lot faster than the one from the 1990s recession, when private debt dropped to 115% of GDP...''