The Undollar Digest

Q4 2010 “Flow of Funds”

Doug Noland, Credit Bubble Bulletin, www.prudentbear.com, 03/25/2011
Federal debt has increased $4.450 TN, or 66%, in just the past 10 quarters… Comparing Q4 federal receipts/expenditures to pre-crisis Q4 2007, it is worth noting that receipts were down 12.1% from three years earlier, while expenditures were up 21.1%.  Receipts would now have to increase 60% to match [...]


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