Debt Deflation in Spain: Record 4.7% Decline in Household Credit, Business Lending Down 10%
MishTalk
DECEMBER 2, 2013
If we look at the evolution of the cash flow of borrowed money, the net change in assets is a decrease is 4.7%. In both cases, the amount of money borrowed is at its lowest level since 2007. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
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