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btw I have the "cash basis" numbers from the DTS as about:Sept: 59B surplusOct and Nov: 300B deficitDec: 20B surplusjan: 33B deficitFeb mtd: 95B deficitNet: 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 250BNet 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.txtrsp,
MARKET ALERT!!! - Warren Mosler says "Buy Bonds!" Higher Taxes Put the Brakes on Retail Spendinghttp://moslereconomics.com/
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.pdfrsp,
btw I have the "cash basis" numbers from the DTS as about:
ReplyDeleteSept: 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,
MARKET ALERT!!! - Warren Mosler says "Buy Bonds!"
ReplyDeleteHigher Taxes Put the Brakes on Retail Spending
http://moslereconomics.com/
Ed,
ReplyDeleteNot 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,