The Undollar Digest

Doug Noland’s Credit Bubble Bulletin

Doug Noland 08/17/2012 www.prudentbear.com

Selected Notes
August 14 – Bloomberg (Ben Sills): “Spanish lenders’ net borrowings from the European Central Bank rose to a record 376 billion euros ($465bn) in July as investors shunned the country’s banks… Net average ECB borrowings climbed from 337 billion euros in June… Gross borrowing was 402 billion euros, up from 365 billion euros in [...]


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