I developed the methods of Capital Flow Analysis over the six years 1998-2004, based on experience in capital markets. I received a degree in economics from Cornell University in 1954, but Federal Reserve flow of funds accounts (first published in 1952) were never mentioned by my professors, and, because I was working abroad after […]

Capital Flow Analysis is a sub-technique in the general field of flow of funds analysis. John Dawson, the leading expert on flow of funds analysis, said that “Flow of funds analysis is an undefined and partially hidden field of study”. (See: “Flow of Funds Analysis: A Handbook for Practitioners“) The flow of funds accounts themselves […]

During the 2004 presidential campaign, the Democratic candidate made much mention of millions of “lost jobs”. Although unemployment ran only 5.6%, not at all high when seen in historical perspective, there were really less people employed than in the recent past — hence the claim of “lost jobs”. The Democratic Party’s explanation of the conflict between […]