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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... .@stevenmnuchin1 on debt ceiling: In the most conservative scenario, "we would have an issue" the first week of September.— Ylan Q. Mui (@ylanmui) July 18, 2019
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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... .@stevenmnuchin1 on debt ceiling: In the most conservative scenario, "we would have an issue" the first week of September.— Ylan Q. Mui (@ylanmui) July 18, 2019
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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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...
.@stevenmnuchin1 on debt ceiling: In the most conservative scenario, "we would have an issue" the first week of September.
— Ylan Q. Mui (@ylanmui) July 18, 2019