Explain to a layman.
The way I see it, we'e looking at fractional reserve lending for the country as a whole. True, much of the new money is not in the real economy, but overall it looks as though the powers that be have shoved enough in to get back to a more conventional ratio.Having said that, money+debt in relation to GDP or any other measure of economic activity is now hugely out of balance.
Nice article, thanks for the information.Anna @ sewa mobil jakarta
the powers that be have shoved enough in to get back to a more conventional ratioFor how long? Cf Jesse.
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