Look at it this way. If the European economy was growing wouldn't it have increasing cash flow? And wouldn't the increased cash flow show up in European banks, either in deposits or loans or both? Well, it should, but the only increase in those numbers appears entirely due to some phony baloney shenanigans between the ECB, its bank customers, and among the banks themselves.
That Increasing Economic Growth You Heard About In Europe Isn't Showing Up in European Bank Data
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.