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2012-01-19
Italia headed for a depression
Money supply is very important. Notice what a mess occurred in 2008 and money supply hadn't decline as much in the lead up.
Mish has the details in Money Supply Figures Suggests Italy Headed Into Depression; Non-Performing Spanish Loans Hit 134 Billion Euros, 7.51% of All Loans, Highest in 17 Years; Eurozone Unemployment Charts
Labels:
banks,
Italy,
Socionomics
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