A billion dollars is a lot of money. If a billion were viewed as time at a dollar a second, a billion seconds ago it would be 1959. A billion minutes ago Jesus would be alive. However, in just 2 hours and 80 minutes our government will have spent a billion.
The liquidity in the market looks good from the domestic side of available income. The Daily Tax Revenue is running 6.9% ahead of last year for the first three days of this week. The month to date is 14% ahead and the YTD runs 7% ahead. The deficit however is growing at 8.65%. As of March 31, we have collected 927.7 billion against a budget of just announced 2.6 trillion. If the economy does not pick up, it looks like we are running some 744.6 billion behind, projecting to year-end. The present deficit amounts to 7.714 trillion. The GDP is 12.1827 trillion.
Optimistically one might compare that relationship to a homeowner with an annual income of $18,554 and a mortgage of $77,140 who owns a business with annual revenue of $121,827. A banker might not approve such a loan, but the good news is that the interest is that of the long term Treasury Bonds. The lending institution just happens to be selling your business most of its imports (China Japan), and although you are loosing money on that portion of your business prodigiously, nearly all of it comes back to finance your growing mortgage. The company is actually profitable despite these indiscretions as with a growth in GDP this last quarter of 3.1%. The home budget does not look so good however in that the mortgage this year is now 8.65% greater than last year. The MBA (present) homeowner is pre occupied with his retirement plan and some international miss-adventures. He might pay greater attention to the productive avenues of his business and the pilfering through the back gate.
How much simpler life is on the frontier.
The liquidity in the market looks good from the domestic side of available income. The Daily Tax Revenue is running 6.9% ahead of last year for the first three days of this week. The month to date is 14% ahead and the YTD runs 7% ahead. The deficit however is growing at 8.65%. As of March 31, we have collected 927.7 billion against a budget of just announced 2.6 trillion. If the economy does not pick up, it looks like we are running some 744.6 billion behind, projecting to year-end. The present deficit amounts to 7.714 trillion. The GDP is 12.1827 trillion.
Optimistically one might compare that relationship to a homeowner with an annual income of $18,554 and a mortgage of $77,140 who owns a business with annual revenue of $121,827. A banker might not approve such a loan, but the good news is that the interest is that of the long term Treasury Bonds. The lending institution just happens to be selling your business most of its imports (China Japan), and although you are loosing money on that portion of your business prodigiously, nearly all of it comes back to finance your growing mortgage. The company is actually profitable despite these indiscretions as with a growth in GDP this last quarter of 3.1%. The home budget does not look so good however in that the mortgage this year is now 8.65% greater than last year. The MBA (present) homeowner is pre occupied with his retirement plan and some international miss-adventures. He might pay greater attention to the productive avenues of his business and the pilfering through the back gate.
How much simpler life is on the frontier.
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