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  1. quote : For their part, Daya and Heyneke concluded in a separate note last month that “as the global economy and financial system have become more systemically leveraged, their sensitivity to changes in the cost of global capital has increased; hence, we believe the next downturn may be more serious than previous ones.” https://www.bloomberg.com/amp/news/articles/2018-10-06/increased-dollar-dependence-sets-world-up-for-liquidity-crunch