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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (72706)12/23/2007 5:22:23 PM
From: mishedlo  Read Replies (1) of 116555
 
Expansion of credit--of loans outstanding--is identical with the money supply because these loans create demand deposits that are just as much money as if the deposit had resulted from actual cash.

FALSE

There is a huge difference and that is what the credit crunch is all about.

Mish
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