The Undollar Digest

Q3 2010 Flow of Funds

Doug Noland, www.prudentbear.com, 12/17/2010
This year will mark the second consecutive year where federal borrowings will have actually expanded more than the growth of total Non-financial borrowings.  Nothing similar to this has happened in the post-WWII period.
In just 9 quarters, total federal liabilities have ballooned $4.013 TN, or 60%.  After doubling mortgage Credit in [...]


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