QVMS - The White House Fed Inflation And Flow Of Funds For November 2021

• The private domestic sector balance increased by over $341+ billion in October 2021, thanks to federal government fiscal support and commercial bank credit creation. The change rate set a record.
• Credit creation from commercial banks was much stronger at $237B+, well up from last month.
• Looking forward, the damage from the debt limit debate and the associated slowdown in federal government outlays is taking its toll on the medium term.
• The $1.75T infrastructure bill is passed, providing a brighter, more productive future.

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