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</html><description>Phat Dragon is placing the most value on new information regarding credit demand and supply. It is credit growth that tells us more about the shape of activity later this year than any other macro indicator&#x2026;&#x2026;the supply side of the credit equation is moving decisively higher (greater policy emphasis, increased willingness to lend) but &#x2026;&#x2026;sluggish &hellip; Continue reading ""</description></oembed>
