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Liquidity and the Market

I've written about this before, but for new readers, market liquidity and short term market response very closely correlate with the daily Treasury receipts compared to a year earlier. 6/14, yesterday's tax receipts yielded 7.07 billion less than a year over, and 5.9 billion less month-to-date than that collected a year ago. ---

Not good, the market today showed it. Without wildly productive economic growth and more US jobs, tax revenue lags and so does market liquidity. Dangerous too are the politicians playing childish games with the debt ceiling.

Freezing government spending for job growth and refusal to tax more heavily the wealthier banking class seems contra productive to the market and the economy as well.  "Daddy Warbucks" profited greatly from the trade deficit and remains immune to the down-turn if not the cause. Some might call it only fair that he pay more to balance the budget and pay down the National debt.

Meanwhile the market goes up and down, one hopes.
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