It's telling us it's finally gotten back to the same level it achieved in 1993?
We as consumers and as a country have gone on a credit binge
Yeah right. Look, our debt to income ratio has climbed a whole half a percent over the past 10 years. We must be doomed.
You'd think that someone as studied in economics as you claim to be would understand that any discussion about debt is meaningless without including assets. Since the credit binge assertion doesn't stand up to scrutiny, tell us again about what's driving those global economic imbalances.