Stagnant credit growth – Money is dead. Mortgage, HELOC growth will slow further

It is only about 10% of the money – that is created by the government. Rest of it come from various credit products offered by the banks or financial institutions. The industry grows the money by lending-deposit-lending cycle. Money is required to pump up nominal GDP. In

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Democracy of debts – crisis comedy continues.

It looks like many citizens of democracies around the world are under debt. The word democracy is a Greek word which means “People power“. The data in the chart are from CIA library. Democratic countries in most places are following the latest fashion of borrowing and spending

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