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To: Mark Adams who wrote (108649)6/13/2001 10:08:56 PM
From: Mike M2  Respond to of 436258
 
Mark, non financial debt comes from the banking sector and results in an increase in the money supply while credit from the financial sector does not increase money supply but does increase the velocity of money. As you say debt is debt regardless of the source. Mike



To: Mark Adams who wrote (108649)6/14/2001 12:43:08 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 436258
 
>>State and Local government appear to be taking on more debt.<< It even scarrier than that: its the growth rate that's increasing (second derivative): they are loading the ship faster.

German figures as of now: the debt growth rate for the state government is stabilizing and should be zero next year.

dj