Q2 2010 the Fed’s Flow of Funds

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Q2 2010 the Fed’s Flow of Funds

Doug Noland, www.prudentbear.com, 09/24/2010

The Government Finance Bubble thesis holds that government debt is the latest – and greatest – episode of Hyman Minsky’s “Ponzi Finance.” During Q2, the markets accommodated a $2.0 Trillion annualized pace of federal debt growth. In just eight quarters, federal government debt expanded $3.610 TN, or 54%, to $10.308 TN. [...]

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