Lee AdlerI wanted to take a short break from my short vacation to get this post out. I’ll take a few more days hiatus and get…
Note: Holiday Publication Schedule- I’ll be taking a brief break from publishing over the holiday week. I expect to resume publishing on July 6. Enjoy…
The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin…
In Part 1 of this report, I covered dealer positions, financing, and hedging. Dealers have mitigated a significant amount of risk by selling paper to…
For several months, I’ve been positing the idea that when the Treasury gets its cash level down to the legally required limit, the stock and…
Withholding tax revenues rose sharply again in May (chart in subscriber version). Non withheld taxes also rose sharply. The economy is growing faster than the…
Stock prices are currently right in the middle of the channel surrounding the liquidity line in the Compositite Liquidity Chart (viewable in subscriber version). By…
The balance between QE and Treasury supply will remain bullish through through xxxx (subscribers only). This should provide a boost for stocks. It should keep…
Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the…
The balance between QE and Treasury supply has gotten even more bullish and will remain so until xxxx (subscribers only). This should provide a boost…
The Treasury Borrowing Advisory Committee (TBAC) is a gang of Primary Dealers and other big investment firms that tells the US Treasury once each quarter…
Withholding tax revenues exploded higher in April. Everybody knows the jobs number will be huge. The withholding data says not huge enough. But I’m not…
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