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My weekly article over at Labourlist – having a look at the GDP numbers.
Alphaville on 19th Century ‘shadow banking’.
Paul on Frank Field and Economic Policy.
Wolfgang Munchau on Greece.
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Duncan, what are your thoughts on the Money Supply figures?
Not good Bill,
The number I’m watching is M4L to PNFCs 9pribvate non financial companies) and the yoy figure is still negative.
The full ‘industrial’ data set is worth a look.
3 month annualised growth rate of lending to manufacturing is -23.7%. Even in services it’s -9.5%!
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