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(Mr Obama's people observe that not too many people will be recording capital gains this year).
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Growth before 1997 coincided with record capital inflows, some attracted by privatisation.
Bank of America echoed such sentiments: "In addition to strengthening our governance and risk management, Bank of America ended the first quarter of 2012 with record capital ratios".
Profits dived 7.5% to $2.7bn£1.7bnbn) last year as costs rose 24% to $3.5bn in a year that saw record capital expenditure of nearly $2bn.
So, another way of looking at the UK's record current deficit is a record capital account surplus.
All this good news attracted record capital flows into the country, and Brazil was the darling of global investors, posh magazine spreads, supermodels, and cocktail varieties.
Buffett gave an aggressive earnings forecast for Berkshire's collection of businesses, said the company would engage in record capital spending and forecast a recovery in the housing market would start within a year.
"During our inquiry, we also discovered that OTS had allowed other thrifts to record capital contributions in an earlier period than received," Thorson said in a December 2008 letter to Sen. Charles Grassley, R-Iowa.
Russia's annexation of Ukraine's Crimea region last month and the instability it created in Russian financial markets were cited by government officials for record capital flight and sharply downgraded growth forecasts for the country.
AOL has a dismal track record of capital allocation, having spent $2.3 billion on acquisitions since 1999 and recording a goodwill impairment charge of approximately $1.4 billion during 2010 alone.
The Government's record on capital spending was also called into question by town hall leaders.
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