Thursday, December 18, 2008

Debt Rattle, December 18 2008: Or is it you?

Edmund Dulac - The emperor's new clothes Ilargi: I want to mention again something I wrote yesterday in Your lives at zero percent . That is, we're not just talking -or, if you will, no longer- about governments and central banks responding to debt losses with more debt, as most people would phrase the issue.What we see happening has now, after the recent rate cuts, seriously turned into

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