One's Observations

A collection of some things I observe along the way.

Retrieving...

"Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation."

"Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn).

"There has been nothing like this in the USA since the 1930s," he said. "The rapid destruction of money balances is madness." (Telegraph Article)

1 comments:

Right-Wing Libertarian said...

Good post!! The caveat is that if they (the fed) simply prints more paper, we'll see an inflation problem by this time next year or so. It is part of the cycle.

Subscribe

Share and Save

Blog directory
Bloggapedia, Blog Directory - Find It!