In this issue:
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- Money, Banks and Fractional Reserves
- The Bank Credit Cycle
- U.S. Bank Credit: Just an Intermediate Peak or the End of this Cycle?
- The "Austrian" True Money Supply Weekly - Steady, but Slow Decline in the Growth Rate
- Crash Alert: The Money Supply to Saving Ratio hits All-Time High
- The U.S. Stock Market Risk Indicator: Still Time to Avoid Major Losses
- Table: The "Austrian" True Money Supply - 1981 to YTD 2015
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