i think that's pretty spot on. We had massive increase leading up to 2003 had we had massive unemployment the buble would have burst instead of plateauing for a decade
Actually from the graph itself it sort of show it started to fall during gfc and I think ir cuts and government intervention...
it looks like bubble appearing in 2003, we should have had the correction during the gfc and i think we were lucky to avoid that big crash. however those other countries are not that lucky unfortunately.
i am not sure how long we can keep this up though
