Sorry, what is the mechanism of this "liquidity injection"? Government spending is a given, regardless of the size of the TGA surplus. You didn't explain how Yellen is going to supply more liquidity above and beyond that.
Thanks Alf! Wishing Italy all the best in the upcoming Euro Cup.
Side note: I still remember what you mentioned in an early interview about there being a time to go long, a time to go short, and a time to go fishing 🎣 Well, since the ASX was closed today, I went fishing 😊
"there are no clear signs of broad economic weakness."
According to a recent survey published in Forbes Magazine, 78% of Americans are living from paycheck to paycheck.
"Fewer than half of Americans, 44%, say they can afford to pay a $1,000 emergency expense from their savings, according to Bankrate’s survey of more than 1,000 respondents conducted in December."
U.S. Home sales have hit a 30 year low. (WSJ)
The U.S. is the greatest debtor nation in the world.
Small businesses across the country are filing for bankruptcy at an alarming rate..
"The Department of Housing and Urban Development (HUD) counted 653,104 homeless Americans in its annual point-in-time report, which measures homelessness across the US on a single night each winter. That's a 12.1% increase from the same report in 2022." (USAfacts.org)
I could go on and on, but it's hard by any measure to believe that "there are no clear signs of broad economic weakness."
As for the stock market, if it weren't for stock buybacks, The market would probably be down thirty to forty percent.
Sorry, what is the mechanism of this "liquidity injection"? Government spending is a given, regardless of the size of the TGA surplus. You didn't explain how Yellen is going to supply more liquidity above and beyond that.
When the Treasury “drains the TGA”, what do they spend the money on?
Thanks Alf! Wishing Italy all the best in the upcoming Euro Cup.
Side note: I still remember what you mentioned in an early interview about there being a time to go long, a time to go short, and a time to go fishing 🎣 Well, since the ASX was closed today, I went fishing 😊
"there are no clear signs of broad economic weakness."
According to a recent survey published in Forbes Magazine, 78% of Americans are living from paycheck to paycheck.
"Fewer than half of Americans, 44%, say they can afford to pay a $1,000 emergency expense from their savings, according to Bankrate’s survey of more than 1,000 respondents conducted in December."
U.S. Home sales have hit a 30 year low. (WSJ)
The U.S. is the greatest debtor nation in the world.
Small businesses across the country are filing for bankruptcy at an alarming rate..
"The Department of Housing and Urban Development (HUD) counted 653,104 homeless Americans in its annual point-in-time report, which measures homelessness across the US on a single night each winter. That's a 12.1% increase from the same report in 2022." (USAfacts.org)
I could go on and on, but it's hard by any measure to believe that "there are no clear signs of broad economic weakness."
As for the stock market, if it weren't for stock buybacks, The market would probably be down thirty to forty percent.
I was wondering what are your thoughts on the Biden proposal for new taxes?
They make no sense...