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Demand for Credit in Europe Collapses

patrickhenry_1733 Wrote: Apr 29, 2012 12:23 AM
To Concerned U.S. Patriots, Is the debt, which is over $16 trillion dollars created through fiat currency out of nothing? Do we really owe this monopoly fake debt or can this monopoly debt be cancelled? Why is the media hiding the Federal Reserve's secret economic weapon, which is inflicting the American people with inflation? If you share these concerns check out (see below): www.constitutionliberty. com Sign up for the Newsletter! Thanks. Note: JOIN FACEBOOK (Shortened URL)- New book coming: "Constitutional Guide to Commerce, Manufacturing, & Free Enterprise"

In a report on fixed income, David Owen, Chief European Financial Economist at Jefferies, notes that demand for credit in Europe has plunged.

Owen asks Is it the supply or demand for credit that matters?

25 April 2012

Perhaps the most memorable comment Mario Draghi made to the European Parliament today was the need for a euro area Growth Pact, but he did draw comfort from the results of the ECB’s latest Bank Lending survey.

Draghi made reference to the fact that the balance of firms tightening credit conditions had fallen (from 35% in January to 9%). However, that it is not...

Related Tags: Europe