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That follows from the widespread private sector insolvency. They're holding cash to meet margin calls and because there's no productive use for that cash when there is no demand for product.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Sep 28th, 2012 at 11:25:31 AM EST
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