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Steve to Steve's feed, Economics
Macro and Other Market Musings: Global Nominal Spending History - http://macromarketmusings.blogspot.com/2009...
November 5
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imabonehead liked this
I suspect the similarities between these two figures speak to the size and influence of the U.S. economy. I think it also speaks to the influence of U.S. monetary policy on global liquidity conditions and, thus, it influence on global nominal spending.
- Steve
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