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Do not give in to Evil, but proceed ever more boldly against it

Monday, April 12, 2010

The Spiral Tightens

For those of you who missed the commentary by Zerohedge and Ambrose Evans-Pritchard last week on this report from the Bank for International Settlements (i.e., the central bankers' central bank), read those first.

Having done so, now read Evans-Pritchard's latest update.

Our resident economics wonk, Zippy the Pinhead, knows the essential question here:


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