The Center of the Universe

St Croix, United States Virgin Islands

MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Re: Liquidity

Posted by Sada Mosler on July 30th, 2008

>
>   European demand for $ funding has increased and surpassed the US demand
>

Pat, this is most problematic as it indicates the eurozone is strung out on $US debt.

At least the US banking system doesn’t have a problem with euro debt.

This compounds the systemic risk over there.

Warren

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