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Report: Apple Likely to Repatriate $200 Billion in Foreign Cash

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As I am led to understand it, this transaction would soon result in a B deposit (15.5%) into the Treasury account.Hard to see the deficit going up under these conditions of "repatriation" unless the govt starts to increase withdrawals by the same type of amounts; which isn't going to happen as they think we are "out of money!"."Deficit too small!" crowd and the "Trillion Dollar Deficit!" club (which btw is EVERYBODY...)  might see some exploding heads... Dude. https://t.co/zY3gRC30UE — Breitbart News (@BreitbartNews) January 4, 2018

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As I am led to understand it, this transaction would soon result in a $31B deposit (15.5%) into the Treasury account.

Hard to see the deficit going up under these conditions of "repatriation" unless the govt starts to increase withdrawals by the same type of amounts; which isn't going to happen as they think we are "out of money!".

"Deficit too small!" crowd and the "Trillion Dollar Deficit!" club (which btw is EVERYBODY...)  might see some exploding heads...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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