Tuesday, November 13, 2012

Richard Duncan on the Fed's Flow of Funds

“The Fed’s Flow of Funds Accounts provides a near-comprehensive set of information about the stock and flow of credit in the United States. Because credit growth now drives economic growth, the flow of funds is the key to understanding developments in the U.S. economy.

The Flow of Funds Accounts of the United States is published by the Federal Reserves on its website each quarter at www.federalreserve.gov/releases/z1/Current/z1.pdf.”

–Richard Duncan, The New Depression