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To: LLCF who wrote (108886)6/14/2001 9:43:20 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
You might say the Fed Flow of Funds document aggregates all NonFinancial business balance sheets into one supra summary. Yeah, dragons may lie hidden therein, but it's still some of the best data we have.

One thing that stands out is the emphasis on NonFinancial business- as if including financial would seriously alter or muddy the picture. That may be a clue.