Wednesday, February 13, 2013

U.S. posts $3 billion budget surplus for January

commentary by Roger Erickson

Reminiscent of a drunk boasting about how he returned initiative, unused?

Anonymous predicts:
..."Dow 20,000 in 6 months.  ... Then 5,000 in 18 months :)"

3 comments:

Matt Franko said...

btw I have the "cash basis" numbers from the DTS as about:

Sept: 59B surplus
Oct and Nov: 300B deficit
Dec: 20B surplus
jan: 33B deficit
Feb mtd: 95B deficit

Net: 349B deficit in these 6 months...

Since the September highs, S&P 500 equity index up about 3%.

trade deficit over this same period probably about 250B

Net foreign holdings of USTs up about 111B for 3 mos. Sept thru Nov inclusive:

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

rsp,



The Rombach Report said...

MARKET ALERT!!! - Warren Mosler says "Buy Bonds!"

Higher Taxes Put the Brakes on Retail Spending

http://moslereconomics.com/

Matt Franko said...

Ed,

Not a good sign this coming from Warren!

short term, 37B+ of individual income tax refunds so far this month seems to be helping to hold things up for now... 4.5B/day average since Feb 1st...

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13021200.pdf

rsp,