Report to G20 summit glosses over problems in global financial system
By Nick Beams Sometimes it is hard to know whether statements issued by financial authorities are aimed at fooling themselves, the organisations to which they are being delivered or whether, they consider it best not to say too much in public documents lest this “frightens the horses.” This is the case regarding
US’ Credit Crunch: the fall in money supply since 2022 the largest since Great Depression
By Ryan McMaken Money supply growth fell again in June, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. June's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. Since April 2021, money supply