http://www.businessinsider.com/richard-koo-quantitative-easing-2011-4#
So he is basically saying that credit contraction is happening and that its rate is faster than that of the money printing exercise.
This is what I have said many times in the last 3-4 months or so.
So he is basically saying that credit contraction is happening and that its rate is faster than that of the money printing exercise.
This is what I have said many times in the last 3-4 months or so.
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