Let’s be pragmatic about this. The bigger trade deficit means greater flow of foreign capital into our equities and bond market. It will take a day or two for the street to catch up with this fact and other encouraging liquidity figures, so the news is not all bad!
The GDP is 12.479 trillion, up 6.35% year over.
National debit comes in at 8.33 trillion today, up 7.54%.
Total tax revenue year to date amounts to .722 trillion, compared to year over +9.68%
Month to date .048 t = +16.1% over the same date a year ago.
Yesterday’s receipts = .0063t, a whopping 250% over 2/8 last year.
All else being equal, which of course it never is, this tax collection picture correlates with greater velocity in the economy thus greater available capital. Watch the market bounce. Give it two to four days, more or less, but don’t bet the house.
The GDP is 12.479 trillion, up 6.35% year over.
National debit comes in at 8.33 trillion today, up 7.54%.
Total tax revenue year to date amounts to .722 trillion, compared to year over +9.68%
Month to date .048 t = +16.1% over the same date a year ago.
Yesterday’s receipts = .0063t, a whopping 250% over 2/8 last year.
All else being equal, which of course it never is, this tax collection picture correlates with greater velocity in the economy thus greater available capital. Watch the market bounce. Give it two to four days, more or less, but don’t bet the house.
Comments