Statistical science is fundamentally unreliable.
Government statistics cannot be trusted due to political pressures.
Statistics cannot describe possible but unrealized events.
Keynesian economists who create the statistics are biased against Austrians.
Life insurance surrender liabilities
Commercial bank credit base.
Savings bank credit base.
Savings and loan association shares.
Life insurance liabilities.
Because money deposited in time deposits funded the increase in risky stock investments.
Because time deposits had a lower reserve requirement.
Because time deposits paid higher rates of interest.
Because time deposits could be used for investment leverage.
New bills discounted by the Federal Reserve.
Treasury currency outstanding.
Federal Reserve assets purchased.
Treasury cash holdings.
Time deposits fell by $70 million in XII
Demand deposits increased by $85 million in XII
Life insurance policies declined by 25 percent in X.
Gold prices increased 18 percent in XII
A contract to pay when an equity price falls to an acceptable level.
A mortgage bank's agreement to a loan restructuring to avoid foreclosure.
A leveraged life insurance investment.
A bill sold by borrowers to dealers or banks who in turn sell the bills to the Federal Reserve System.
John Maynard Keynes