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


To: Elroy Jetson who wrote (100728)8/12/2009 2:16:08 PM
From: Claude Cormier  Read Replies (1) | Respond to of 116555
 
|| bankruptcy filings and foreclosures

These do not reduce the money supply. They only affect banks balance sheet. But with the bailouts, the banks have been replenished. So no deflation there.

|| U.S. government debt is quite low. The problem is privately incurred debt.

$50 trillion all together is a lot more than the shrinking GDP