Today the quarterly Flow of Funds (aka Z1) report was released by the Federal Reserve. What is the Flow of Funds report? Imagine the USA was a company: it's income statement would be called GDP report, and it's balance sheet would be the Flow of Funds. In my opinion this is the most important economic statistics release there is.
Unfortunately for this blog and its readers, I am quite busy at the moment getting ready to commence employment at Keefe, Bruyette and Woods research department in London, and I'm likely to become more and more busy as days go by. I will thus ask my dear readers to confer to the fantastic blogs linked below in the right column of this page for analysis of and commentary on the all-important Z1 report.
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