Flow of funds chartbook published

Reading time: 2 – 2 minutes

Prudential Equity Group Research LLC published a “Flow of Funds Chartbook” as of August 16, 2004, that was still available in PDF format on the their website at no charge in March 2006.

Prudential Chartbook

Readers of Capital Flow Watch may wish to download a copy of this document while it is still available.

This valuable statistical presentation was edited by the well-known economist, Dr. Ed Yardeni and has 35 pages of attractive charts on selected data series from the Federal Reserve National Flow of Funds Accounts.

Of particular interest to capital flow analysts are the graphs that compare annualized quarterly statistics with the actual annual data for various series.

This is useful in providing a basis for understanding the degree of uncertainty in the annualized quarterly figures published by the Federal Reserve Bank.

Editor, Ed Yardeni, relocates

It seems that Dr. Yardeni is no longer with Prudential and that, consequently, this study will not be updated.

This excerpt from the Bloomberg story of September 8, 2004, had this to say:

Prudential Financial Inc.’s Edward Yardeni, one of the most bullish strategists on Wall Street, said Tuesday that he had left the firm to join Oak Associates Ltd., a money manager that oversees more than $8 billion in assets.

Yardeni, 54, will be chief investment strategist at Akron, Ohio-based Oak Associates, a firm that manages mutual fund, pension and endowment assets.

He held the same title at the brokerage unit of Prudential, where he had worked since 2002.

Prudential’s Edward Keon will succeed Yardeni, while keeping his positions as the firm’s chief U.S. equity strategist and director of quantitative research, a spokesman said.