Figure 7: Acceleration of private debt and change in unemployment (Correlation coefficient -0.82)
Note To Joe Stiglitz: Banks Originate, Not Intermediate, And That’s Why Aggregate Demand Is Stuffed
http://www.forbes.com/sites/stevekeen/2016/01/06/note-to-joe-stiglitz-banks-originate-not-intermediate-and-thats-why-aggregate-demand-is-stuffed/