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but rested on top of a systemic problem in private sector credit markets and private sector balance

Ref Great corporate profits are no guarantee against a problem in financial markets. Corporate profits and P/E multiples were fine in June 2007 Release House Oversight Committee — Epstein Estate Records (Nov 2025) 1 pages

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but rested on top of a systemic problem in private sector credit markets and private sector balance sheets. This year

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