New View (also said in German)

The – certainly not new! – The realization that, in addition to – the supply of money by central banks, the dispositions of capital management companies, companies, private households and public authorities as well as – their debt equity ratio at a given interest rate are of decisive importance for events on the global financial markets.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/