Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I have no problem if it actually results in more production.  But it seems to me that it has up until mow been borrowed almost solely to staunch losses due to following asset values and the damage this has done to corporate (not individual!) balance sheets.  Production is actually falling quite dramatically - in Ireland at least - and as far as I can see, else where as well.

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue Dec 23rd, 2008 at 08:44:55 PM EST
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