Tuesday , November 5 2024
Home / Mike Norman Economics / $600 payments

$600 payments

Summary:
They’re not booing...  they’re saying Maaaahhhnooooooooch...The 0 being credited to US person bank accounts this morning already... (I guess he didn’t do a part 2/2?)... I’ve read the 0 individual payments will total about 6B for US Treasury... I’m interested to see what they do or don’t do to adjust the TGA balance in response to these withdrawals....@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week (1/2)— Steven Mnuchin (@stevenmnuchin1) December 29, 2020

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

They’re not booing...  they’re saying Maaaahhhnooooooooch...

The $600 being credited to US person bank accounts this morning already... (I guess he didn’t do a part 2/2?)... 

I’ve read the $600 individual payments will total about $166B for US Treasury... I’m interested to see what they do or don’t do to adjust the TGA balance in response to these withdrawals...




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.

Leave a Reply

Your email address will not be published. Required fields are marked *