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Impact of "Recession" on Structured Product Abridged from a report by Thomas Zimmerman, ABS analyst, UBS Warburg

In terms of outstanding debt as a percentage of personal income, consumers hold more debt than ever before. In terms of debt burden, i.e., debt payments as a percent of disposable personal income, the consumer is more burdened today than prior to the last recession in 1990/91 (even though...

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