Oct
25
2009
The Global Debt Crisis is Destroying the Economic Structure
Posted by: in Home Mortgage Online, tags: 1 Billion, Bob Chapman, Central Banks, Economic Structure, Excerpt, Federal Reserve, Global Debt Crisis, Market Assets, Money Market, Money Supply, Narrow Money, Oracle, Random, Rose, Treasury Agency, Trillion, Yoy, YtdRandom Feed wrote an interesting post today on
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By: Bob Chapman Market Oracle Oct 24, 2009 Last week Federal Reserve credit declined $12.9 billion, up 21% yoy. Fed foreign holdings of Treasury/Agency debt rose $4.1 billion to a record $2.865 trillion. Custody holdings for foreign central banks expanded at a 17.5% rate ytd, and yoy 15.2%. M-2 narrow money supply fell $23.3 billion to $8.341 trillion, that is 5.9% yoy. Total money market assets dropped $42.3 billion to $3.404 trillion. They have declined $427 billion ytd, or 14.1
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