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Despite calls to deleverage the global economy to reduce systemic risk, global debt has increased from 213% of global GDP to 318% today.

In 2008, the general conclusion was that debt levels were way too high, and should be paid down in order to make the world a more stable place. Instead, Governments and corporations have continued to pile on debt. They have not learned the lesson of 2008.
"""

https://seekingalpha.com/article/4236300-debt-levels-learned-lessons-of-2008