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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (91476)2/11/2008 2:39:40 PM
From: bart13  Respond to of 110194
 
In theory, that 10x multiplier for fractional reserve banking is true but in practice I have not found it to be true when looking at the broadest credit totals.
It seems to be closer to 6x - for what its worth.

Thankfully the world is indeed beginning to wake up to the BS.