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Treasury Account Balance > $1T

Summary:
Treasury account now over T for first time in history...  and this is even with Mike having  withdrawals up by about 0B in the last month...However this is still not quite enough of an increase in issuance to overcome the Fed's addition of reserve assets at the Depositories and banks ability to provide additional credit is remaining a bit impaired... Treasury should increase their balance by another T and that would be very helpful...

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Treasury account now over $1T for first time in history...  and this is even with Mike having  withdrawals up by about $450B in the last month...

However this is still not quite enough of an increase in issuance to overcome the Fed's addition of reserve assets at the Depositories and banks ability to provide additional credit is remaining a bit impaired...

Treasury Account Balance  >  $1T

Treasury should increase their balance by another $1T and that would be very helpful...

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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