An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Wednesday, May 14, 2014
Quick Fiscal Hit
We are forecasting a short term "helicopter drop" of about $63B into the USD system today and tomorrow.
Today the system will receive about $13B in Social Security payments on this month's "blue box" day, coupled with the usual approximate $10B of daily USD injections.
While by tomorrow, there should be about $30B of interest payments on US Treasury securities coupled again with the usual daily injection of $10B.
So that should add up to about $63B in leading flow coming in over the next 48 hours.
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