Money and Finance
- Links
Bud Labitan made his book Moats free for all (LINK) Read the letter Bill Gates sent to Microsoft employees for the company's 40th anniversary (LINK) Life after Pimco: Mohamed El-Erian on economics, politics and his hope for a 'Sputnik moment'...
- Richard Duncan Quote
Kyle Bass made a similar point to the quote below on page 5 of his latest letter. “There is a limit to how much debt an economy can bear. That limit is determined by the economy’s ability to generate sufficient income to service the debt. Exhibit...
- Richard Duncan Quote
“$50 trillion of credit did more than make the United States prosperous; it fundamentally transformed the structure of its economy. It caused the focus of economic activity to shift from producing goods to providing services, and, finally, to speculation.”...
- Richard Duncan Quote
...
- Richard Duncan Quote
“When the United States removed the gold backing from the dollar in 1968, the nature of money changed. The result was a proliferation of credit that not only transformed the size and structure of the U.S. economy but also brought about a transformation...
Money and Finance
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
- Links
Bud Labitan made his book Moats free for all (LINK) Read the letter Bill Gates sent to Microsoft employees for the company's 40th anniversary (LINK) Life after Pimco: Mohamed El-Erian on economics, politics and his hope for a 'Sputnik moment'...
- Richard Duncan Quote
Kyle Bass made a similar point to the quote below on page 5 of his latest letter. “There is a limit to how much debt an economy can bear. That limit is determined by the economy’s ability to generate sufficient income to service the debt. Exhibit...
- Richard Duncan Quote
“$50 trillion of credit did more than make the United States prosperous; it fundamentally transformed the structure of its economy. It caused the focus of economic activity to shift from producing goods to providing services, and, finally, to speculation.”...
- Richard Duncan Quote
...
- Richard Duncan Quote
“When the United States removed the gold backing from the dollar in 1968, the nature of money changed. The result was a proliferation of credit that not only transformed the size and structure of the U.S. economy but also brought about a transformation...