I have to give credit where credit is due (pun intended). Mish was one of the few predicting this deflationary wave. Despite the government's bailout schemes, the market was bigger this time, and credit contracted faster than anyone could keep up with.
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I have to give credit where credit is due (pun intended). Mish was one of the few predicting this deflationary wave. Despite the government's bailout schemes, the market was bigger this time, and credit contracted faster than anyone could keep up with.