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US Money Supply Plunges at 1930s Pace

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JUST WHEN WE THOUGHT IT WAS OVER...
"The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history," writes Evans-Pritchard in the Telegraph.  "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," he said."
SOURCE:   Telegeraph

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