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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (71125)11/11/2007 9:04:30 PM
From: Real Man  Read Replies (1) of 116555
 
Mish, here is the puzzle:

1) The Fed is not printing
2) Lots of housing-related debt is blowing up
3) Reconstructed M3 is growing faster and faster, now above 14%

It appears as the housing debt gets destroyed, new debt is created somewhere, but where?
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