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Global Money Scarcity Observed in Recent 1 Month Treasury Auction [Ep. 276, Eurodollar University]

Eurodollar University

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The Great Recession Was Not a Balance Sheet Recession

CNN's John Avlon says a new study suggests the recession was caused by monetary panic. The paper, written by economist Robert benank, found that when companies can't get credit, it turns into an amplified and negative amplifier for economic downturns. Avlon: This is not exactly what the fed had set up at the time, because the fed supposedly saved it from being much worse. But now here's this credit thing, tha, the cutting off of the credit channel actually made the recession worse than maybe it needed to be.

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