IBB - The White House Fed Inflation And Flow Of Funds For March 2023
2023-03-14 02:00:18 ET
Summary
- The private domestic sector balance increased by $190+ billion in February 2023 despite the external sector and bank credit creation headwinds.
- Bank credit retraction was -$30+ billion as more loans were repaid or written off than were created.
- The seasonal pattern is downwards now into March 2023 and probably into Xmas 2023 as well. Crowned with a Fed-induced recession.
- The external sector has reversed direction and is in decline and this adds to the private-domestic sector balance.
- The Fed's demand destruction policy has baked a recession into the economic pie for the end of this year or the beginning of next.
For further details see:
The White House, Fed, Inflation, And Flow Of Funds For March 2023