Money and the European Credit Crisis

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Money and the European Credit Crisis

doug Noland 10/28/2011 www.prudentbear.com

“I believe strongly that the Credit recovery and tepid U.S. economic recovery came at an extremely high price: dynamics that ensure the eventual loss of “moneyness” for U.S. government Credit, the heart of our monetary system.”
It would be reasonable – and it sure is tempting – to dedicate this week’s CBB to a skeptical [...]

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