Thursday, July 2, 2009

Gov't ran a surplus in June. That's why market stalled.

Looks like the gov't ran a surplus in June. That's why the market stalled. Here are the figures from the Daily Treasury Statement.

All Figures in millions $
Deposits Withdrawals
1-Jun 128,434 78,862
2-Jun 6,323 11,152
3-Jun 9,962 32,280
4-Jun 194,196 193,904
5-Jun 6,646 10,531
8-Jun 11,215 10,482
9-Jun 3,924 10,774
10-Jun 9,403 20,170
11-Jun 130,916 137,932
12-Jun 14,153 17,025
15-Jun 113,296 58,780
16-Jun 16,723 9,741
17-Jun 80,170 64,031
18-Jun 98,506 109,155
19-Jun 13,915 11,995
22-Jun 17,569 10,012
23-Jun 6,377 12,198
24-Jun 9,164 56,098
25-Jun 96,922 106,164
26-Jun 8,005 18,526
29-Jun 16,433 13,096
30-Jun 120,464 66,979

Total 1,112,716 1,059,887

Surplus of $52.8 billion for the month.

President and his political advisors are deathly afraid of the deficit and will scuttle the recovery trying to bring the deficit down.

And to think he's doing this as state finances collapse!!

4 comments:

Matt Franko said...

Mike,

#%?*$& !!!!!!!

Our government officials are all morons.

Ill try to look at the YOY numbers from the DTS for June 08 vs 09 over the 4th Holiday and post when done.

Great Analysis!

Resp, Matt

googleheim said...

SUCKING 60 BILLION OUT OF THE SYSTEM WHICH PROBABLY HAD A MINIMUM 1.5 MULTIPLIER EFFECT IS REALLY 90 BILLION

SINCE THIS IS DOUBLE LEDGER, THAT MEANS 90 BILLION PULLED FROM SPENDING TREE AND 90 BILLION PULLED FROM SAVINGS

mike norman said...

Yes...#%?*$& !!!!!!!

Unknown said...

Hi Mike,

It's even worse. I think there's a mistype for June 17 figures.

17-Jun 80,170 16,139

That would make the net surplus to the Treasury $100.7 billion for the month!