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Credit check, Euro area current account

Summary:
Going from bad to worse, so the way things are going seems the contribution to year over year GDP growth in q2 from credit expansion will be less than it was in q1: Never yet seen a current account surplus like this and a weak currency? (Euro area surplus = rest of world deficit, etc.) And the pressure has been building for over 3 years now as fear drivenportfolio selling, worked to keep the currency down:

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Going from bad to worse, so the way things are going seems the contribution to year over year GDP growth in q2 from credit expansion will be less than it was in q1:

Credit check, Euro area current account

Credit check, Euro area current account

Credit check, Euro area current account

Credit check, Euro area current account

Credit check, Euro area current account

Credit check, Euro area current account

Credit check, Euro area current account

Never yet seen a current account surplus like this and a weak currency? (Euro area surplus = rest of world deficit, etc.) And the pressure has been building for over 3 years now as fear driven
portfolio selling, worked to keep the currency down:

Credit check, Euro area current account

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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