True Economics is about original economic ideas and analysis concerning everyday events, news, policy views and their impact on the markets and you.
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Thursday, August 16, 2012
16/8/2012: €1.05 trillion bad loans + €2-2.5 trillion deleveraging problems
I twitted about the PWC stats on non-performing loans based on German newspaper report earlier today, and here's WSJ article on same. Frightening numbers.
Digital money is irrelevant as it doesn't move and doesn't contribute to the money supply.
ReplyDeleteI read that on the web, so it must be true!
For every liability there is a corresponding asset.