I've been trying to figure out where the 100 Trillion number for the Shadow banking system comes from.
U.S. commercial paper is 2 Trillion....
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, November 2, 2007
100 Trillion
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