1Q08 Flow of Funds |
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• Business debt grew at a solid pace benefiting from low interest rates • A potential risk in corporate America is a continuous need for external financing that is higher than in previous years • All sectors, except for the federal government, saw their debt decelerate when compared to previous quarters • Mortgage equity withdrawal continued to fall, as household net worth fell 11.3% in annualized terms Credit continued to decelerate in the first quarter of 2008. Total debt of the domestic
Filed under: Fundamental
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