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MARSHALL AUERBACK: IN THIS CRISIS, GOVERNMENT SPENDING ISN'T …
Equity in homes shrinks, debt equity withdrawal shrinks, bank change piece expansion reverses, domicile necessity spending reverses as they proceed to net save, the traffic necessity starts to turn, unfamiliar net saving is reduced, and unfamiliar collateral inflows …
See some-more here:
Marshall Auerback: In This Crisis, Government Spending Isn't …