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Q3 2011 Federal Reserve’s “Flow of Funds” Report
Doug Noland
12/09/2011
www.prudentbear.com
“…[A]ccelerating debt growth helps explain the generally favorable economic data…Importantly, the vast majority of system debt growth continues to emanate from Washington…In percentage terms, federal debt expanded at a 14.1% annualized rate in Q3.”
“Total Federal Debt of $11.87 TN has increased from 46% of GDP to 78% of GDP in only 13 quarters…No [...]
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