Lee AdlerFederal tax collections were exceptionally strong for the full month in March, including withholding taxes in particular. The jobs gains reported by the BLS, were,…
This report shows the imbalance of Fed liquidity driven demand and the coming short term liquidity boost from seasonal Treasury paydowns. However, I’ve added something…
It’s the most bullishful time of the year. The annual corporate tax windfall just hit the US Treasury cash account this week. Individual annual and…
The last time we looked at the Composite Liquidity Indicator (CLI), 4 months ago, I warned that the process of flattening the indicator was beginning,…
Federal tax collections looked strong for the full month in February. Don’t be fooled. It was an illusion due to a calendar effect and inflation.…
I’ve been doom scrolling my newsfeeds for the past few days, not getting much work done. What a catastrophe. War in Europe, just 120 miles…
Subscribers, click here to download the report. Not much has changed since our last look at Primary Dealer data 4 weeks ago. The script is…
The Federal budget deficit is shrinking as the economy experiences an inflationary boom. This is just what the Fed was hoping for, but inflation has obviously gotten away from them. It will only get worse as the lagging rent component of CPI will push the total index higher, even if and when the other components begin to moderate.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.