Remove 12 datas-credibility-problem
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Mish's Global Economic Trend Analysis: Michael Pettis on the China.

MishTalk

Thursday, June 27, 2013 2:46 PM. Government credibility is high, and given the wide-spread assumption that the government stands behind the banks, I do not expect anything approaching a bank run. This is not only a China problem, of course. Testosterone Pit. Trading Psychology Weblog. Trim Tabs - Bidermans Daily Edge.

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Pettis: Spain Needs to Debate Leaving the Euro; Tooth Fairy Economics

MishTalk

In a gesture more of faith than economic or historical data, Madrid assures us that with the right reforms, it will eventually be able to get out of debt. Problem Paragraphs I struggled translating two paragraphs from the original article the Spanish. Matter of Months In the first problem paragraph above, I wonder if "he" is Draghi.

Banking 75
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Wading Through Molasses: "Did the Real Economy, Not Counting Government, Expand in Last 20 Years?"

MishTalk

Essentially the problem is that the market economy must constantly battle against the destructive policies of governments and central banks. I find this "alternate Real" GDP to be interesting (in a bizarre sort of way), but I personally see no credibility in the hyper-negative GDP it produces. It is like wading through molasses.