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Inflation & Deflation Revisited
I have in the past defined inflation as an increase in the true money supply. I defined deflation as a drop or only a very minor increase in the money supply. In those strict terms I have interpreted...
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Federal Reserve Continues to Push on a String
The AP noted today that With credit tight, Fed extends consumer loan plan: With banks limiting the availability of auto, student and other consumer loans, the Federal Reserve said Monday it would...
View ArticleBank Loans Marked to Fantasy – The Next Bubble to Burst
I came across this interesting Bloomberg article in Mish’s blog, Next Bubble to Burst Is Banks’ Big Loan Values: Jonathan Weil: Check out the footnotes to Regions Financial Corp.’s latest quarterly...
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Total US Credit & Loans; Down $1.2 Trillion From Peak; Annual Decline Now at...
Total credit and loans have now contracted by $1,218 billion (source stlouisfed.org): The annual rate of decline has now reached 7.2%: This is still deflation in full swing. It is an ongoing credit...
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Total Credit And Loans – February 2010 (Update)
New data is in for the final weeks of February 2010: The annual rate of decline is now at 6.7%
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Public Credit Expansion Fuels Inflation
Are the current price increases we see across the board inflation? Well, price increases are never in themselves inflation, but they can be signs of inflation. Inflation, as I have explained before, is...
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Credit & Money Supply in the USA and China
As explained before, inflation and deflation within a certain territory are defined as increase and decrease of the total volume of money plus credit in that territory. Total Credit Volume Probably the...
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Mortgages Are Bullshit (Amagi Podcast @ Think Liberty Episode 7)
Join Dylan and Nima and they break down the details behind what most people have already caught themselves saying at one point or another… Mortgages are bullshit! Mortgages Are Bullshit lesson by...
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