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: Instapundit.comDEFLATION? Money supply plummeting. ?The plunge in M3 has no precedent since the Great Depression?.
By Glenn Reynolds
DEFLATION? Money supply plummeting. “The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly.”
Full post as published by Instapundit.com on May 26, 2010 (boomark / email).
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