Tuesday, July 30, 2013

CNS News: 70 Straight Days: Treasury Says Debt Stuck at Exactly $16,699,396,000,000.00

Out of paradigm Terry Jeffrey with another way to look at the current situation at CNS News here.

He gets the facts correct but I'd assume NOT the interpretation.

The US Treasury continues to use "extraordinary measures" to be able to continue to spend well above previously budgeted levels even though we continue at the "debt ceiling" so-called for the last many weeks.

Accordingly, S&P earnings and the index level are at/near all time highs this quarter as government spending continues unabated even while "stuck" here at the "debt ceiling" so-called and these firms continue to just simply rake it in from these leading government flows.

The fiscal flow for August may even improve from what we have experienced this month (July 2013) if seasonality is at work as last August 2012 posted very strong relative fiscal flows on relatively strong summer end Medicare/Medicaid reimbursements and strong scheduled payments of Interest on US Treasury Securities.

Stay tuned.

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