Chart of the week: US corporate-debt bubble ready to burst

American consumers may have paid off some debt after the financial crisis, but the state and corporations went on a binge – total US non-financial corporate debt has hit a record of more than 46% of GDP.

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Not for the first time, America has "fought a debt bubble by adding on more debt", says David Rosenberg of Gluskin Sheff. Consumers delevered a tad after the financial crisis, but the state and corporations went on a binge.

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