House hold debt in the US at it's worst was lower than Australia's now.
However, the US housing bubble was significantly smaller than ours when it imploded.
http://www.treehugger.com/files/2010/01/australia-amongst-worlds-most-in-debt.php
House hold debt in the US at it's worst was lower than Australia's now.
However, the US housing bubble was significantly smaller than ours when it imploded.
http://www.treehugger.com/files/2010/01/australia-amongst-worlds-most-in-debt.php
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