New from the Financial Markets Center Flow of Funds Review & Analysis: Q3 2002 As battered investors moved their funds out of stocks and into deposits, banks assumed the dominant role in a massive run-up of mortgage debt that has helped maintain economic growth. But if interest rates rise or housing prices correct, the price of this build-up could be steep for households, small businesses, institutional investors and others. Is residential real estate following the same path Nasdaq traced in the late '90s? And, if so, what should the Fed be doing about it? Get the details in Jane D'Arista's quarterly review of the Fed's financial statistics.
http://www.fmcenter.org/pdf/flow12-02nocov.pdf
