Money Supply Plunging Toward Depression?

The talk in the United States, especially, and Britain, too, is one of recovery. Even in Europe, we noted recently, there are digital maps available that show much of the Eurozone is coming out of "recession" and various indicators are turning positive. We have never, however, believed in the "green shoots" theory. In fact, we would note that green shoots have been perceived by the powers-that-be – and their pet econometric economists – for at least two years now, making this the longest

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