by 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...
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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...
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
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 should increase their balance by another $1T and that would be very helpful...