Here is a report which claims that China bought its "recovery" with a record amount of new debt:
http://www.zerohedge.com/news/2016-04-15/1001000000000-china-just-flooded-its-economy-record-amount-new-debt
Q: Isn't that what the US has done, except that in return for our record amount of new government and corporate debt we got absolutely no recovery at all?
A: Yes.
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