Z.1 Flow of Funds: Total Debt Still Growing

The Fed published the Z.1 Flow of Funds at noon.

The key takeaway: Total debt continues to grow, albeit more slowly.

Since Q3 ‘08 households have cut their debt (slightly), but the federal government is borrowing so rapidly, overall debt continues to expand.

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us-debt1

via Rolfe Winkler

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Source:
Flow of Funds Accounts of the United States
Flows and Outstandings First Quarter 2009 Board
Federal Reserve, June 11, 2009
http://www.federalreserve.gov/releases/z1/Current/z1.pdf

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