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CLOUGH -- Not only was it a question of overvaluation, but the corporate sector has left itself very highly leveraged, the consumer sector has left itself very highly leveraged.
We have never had a more highly leveraged household sector and we have never had a more highly leveraged housing sector than we have today".
But highly leveraged companies face bigger risks.
"I've always run a highly leveraged business".
Some are highly leveraged, some are not".
"U.S. companies are already highly leveraged," he said.
They do borrow, but they are not that highly leveraged".
They are highly leveraged and heavily exposed to economic cycles.
"All our major banks remain highly leveraged," Mr. King said.
The highly leveraged firms were vulnerable to panics.
The funds UBS manages are themselves highly leveraged.
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