tag:blogger.com,1999:blog-2761684730989137546.post1439786860300019277..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Fed survey fails to state the obviousmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-50147249140470206102010-01-13T15:53:31.544-05:002010-01-13T15:53:31.544-05:00Mike,
do you know if there is an identity concerni...Mike,<br />do you know if there is an identity concerning non-govt sector growth vs total bank credit. ie Can the non-govt sector have growth if total bank credit is decreasing?<br /><br />From looking at fiscal, it looks like the govt sector will at least break even on growth vs last year, but can we reasonably expect non-govt sector growth if credit continues to shrink?<br /><br />I remember your equation:<br />GDP = private consumption + gross investment + government spending + (exports − imports)<br /><br />Resp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com