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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (72667)12/23/2007 1:13:12 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Massive amounts of credit can be extended by fractional reserve lending with only trivial increases in actual money supply.
Credit can collapse without decreasing money.
In fact credit can collapse in the face of rapidly increasing money.
As to which money figures I believe, I supposed I believe all of them even though I have stated there are flaws in many of them and some I find useless like MZM.
If you want a link here you go.
research.stlouisfed.org
Mish


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