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output gap

Flow of Funds indicates businesses have stopped deleveraging

Edward Harrison Mar 10, 2011

The Federal Reserve released the quarterly flow of funds report which allows one to see the debt levels outstanding in the U.S. economy. From the looks of it, deleveraging has not continued apace. UBS' Andy Lees writes: The Fed Z1 flow…

Economy

Inflation V Deflation – Which Door Do You Pick?

Claus Vistesen Feb 28, 2011

By Claus Vistesen As the debate between the inflationistas and deflationistas appears about to rev up again, I thought that I would try to put pen to virtual paper and sketch out my thoughts on the matter. The specific catalyst for…

Economy

New High in U.S. GDP Does NOT Indicate Recovery is Complete

John Lounsbury Feb 1, 2011

The big news when the advanced estimate of the 4Q/2010 GDP was announced last week was the recovery of the pre-recession level of GDP. This was presented by some as good news, but was suitably qualified by others.