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The Fiscal Situation, Economic Recovery and the Labor Market. Edward P. Lazear. 1. Net Lending. 2. Source: U.S. Census Bureau, Seasonally Adjusted Annual Rate. Foreign Holdings Of ABS. 3. Bond Spreads. 1600. 1400. 1200. Junk. 1000. 800. 600. 400. BAA. 200. AAA. 0. 1998.
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The Fiscal Situation, Economic Recovery and the Labor Market Edward P. Lazear 1
Net Lending 2 Source: U.S. Census Bureau, Seasonally Adjusted Annual Rate
Bond Spreads 1600 1400 1200 Junk 1000 800 600 400 BAA 200 AAA 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: Moody's; Merrill Lynch; U.S. Treasury Department 4
5 Source: U.S. Census Bureau, Seasonally Adjusted Annual Rate
6 Source: Federal Housing and Finance Authority; Standard and Poor’s, Seasonally Adjusted Annual Rate
Monthly Unemployment Rates : France, Germany, Italy, UK, and US(Seasonally Adjusted) 9
Source: Singapore Department of Statistics and Manpower Research & Statistics Department, Ministry of Manpower