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Cash on hand

Summary:
These slugs now getting 5.5% free munnie on 6B from the Biden Fed… B annual for doing nothing…  probably a lot tax free in foreign accounts…. ?And the Art degree Monetarist morons think this is somehow bearish?  ?Cash on hand: Apple: 7 billion Berkshire: 0 billion Microsoft: 8 billion Amazon: billion Meta: billion Tesla: billion This is wild ?— Matt Allen (@investmattallen) August 8, 2023

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These slugs now getting 5.5% free munnie on $576B from the Biden Fed… $32B annual for doing nothing…  probably a lot tax free in foreign accounts…. ?

And the Art degree Monetarist morons think this is somehow bearish?  ?





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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