Thursday, July 18, 2019

Debt Ceiling


Looks like Mnuchin knows the typical 1 Sept first of the month BIG drop in the TGA might not be possible... they have been exhausting the 'Extraordinary Measures' in an attempt to stabilize the TGA at higher levels... with limited success... once those 'measures' are exhausted it appears they think the TGA is going to quickly collapse .... creating a fast bearish increase in Reserve Assets again... which will top when they finally suspend the Debt Ceiling...