Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we dive into the guts of the Federal Reserve’s Z.1 report on the United States flow of funds and macroeconomic balance sheets. Below we show the corporate financing gap (capex less inventory valuation changes and internally generated funds) which has dropped sharply since a recent post-recession high, suggesting that businesses are not over-investing.


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