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A decade after the global financial crisis: What has (and hasn’t) changed?

How secure is the global financial system, a decade after the crisis? Great strides have been made since 2008 to prevent a recurrence of the financial crisis and recession that followed. Yet there is more debt than ever in the global financial system. The world economy has recently returned to robust growth. But some familiar risks are creeping back, and new ones have emerged. It all started with debt. In the early 2000s, US real estate seemed irresistible, and a heady run-up in prices led consumers, banks, and investors alike to load up on debt…Read more

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