Look at Figure 2 with the comparison between changes in household debt and the current account balance. I could not figure out how to just copy the figure.
http://www.un.org/esa/policy/policybriefs/policybrief4.pdf -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com