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Outside the financial sector, levels of indebtedness remain high

The story of the financial crisis of 2008 was largely the story of debt. A growth in demand for fixed-income products combined with lower underwriting standards of loans disguised the levels of risk eventually causing the collapse of one investment bank and balance sheet crises’ in many more.

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UBS Asset Management, Real Estate & Private Markets (Europe)

Outside the financial sector, levels of indebtedness remain high

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UBS Asset Management, Real Estate & Private Markets (Europe)

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