THIS JUST IN...
YESTERDAY, $40 BILLION OF TAX REFUNDS WENT OUT!
WHATEVER THE GLITCH WAS, IT'S OVER.
BUY, BUY, BUY!
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.
Showing posts with label IRS tax refunds. Show all posts
Showing posts with label IRS tax refunds. Show all posts
Thursday, February 11, 2016
Monday, March 2, 2015
$133 billion in tax refunds have been sent out so far!
So far $133 billion in tax refunds have been sent out according to the Treasury. (Individual and business.) That's more than last year's $130 billion at this time.
In addition, we'll probably get another $55 billion to $60 billion in March and another $50 billion in April. That'll equate to a $240 billion stimulus over these three months alone. You don't want to sell into that, but you DO want to keep an eye on what these idiots in Congress (read: Republicans) do with the debt ceiling, which will have to be raised sometime around mid-month.
We've got plenty of financial (money) firepower coming into the economy over the next two months and we've already gotten a huge injection in February, however, failure to raise the debt ceiling or, keep it suspended (as it is now) will be a HUGE red flag for stocks and the economy.
Stay tuned.
(BTW...this was all taught in my Daily Treasury Statement course...plus a lot more!)
Tuesday, February 11, 2014
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