From Swiss investment bank Pictet comes this analysis of the world’s progress in a global deleveraging cycle.
The chart indicates that Germany seems to be leading the pack—farther ahead on household deleveraging than even the United States. In the eurozone periphery, however, deleveraging has not even begun in the financial sector, spelling trouble ahead.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.