Liquidity Again
As the saying goes, “Follow the money.”
The Daily Treasury Report gives a precise total for government revenue on a daily basis, and that. Revenue correlates very well with the discretionary liquidity in the consumer and business market.
The year over, that is the comparison of yesterday’s collection with the same date the previous year predicts the ups and downs of market activity.
Two day collection 5/1 and5/2 was 30.9 billion, 8.4% above last year.
The fiscal year to date was 23.5 billion year over, a 1.27% increase
Of that, the excise tax was 57.768 b, 21% up year over
It is unclear, if excise tax and tariffs are clearly separated in DTR, listing Customs and certain excise tax as $47.24 billion and excise tax as 57.77. The 47 billion grew 67% from 28.25 in 2017 year over, year to date 5/2/19. So, I think tariff collected thus far this year amounts to $47,242 million/ 47.2 billion. (There appears to be an anti tariff bias in the formats of reporting. Sad to see political bias distort the research)
The National Debt, $21.987 trillion grew 4.7% year over
The other interesting thing, the velocity within the GDP remains low with the driving force represented by the M1 and that mostly in the hands of banks and investments where there is little turnover in the consumer market.
Wages are up and employment is up, so is the stock market, but one might guess that most of the GDP still belongs to the 1% where investment growth still exceeds income growth.
Historically that maldistribution of wealth changes with, war, revolution, depression or even the plague. The subprime mortgage depression presented an opportunity for redistribution to take place by natural means, but was averted by an unprecedented infusion of taxpayer dollars to save the very perpetrators of the crisis - cynically, quite the reverse of unfettered free market cause-and-effect, which could have dumped trillions from the illegal mortgages back into the consumer market.
Interesting times, tariffs could produce some redistribution of wealth by reversing, the economists accounting equation for trade deficit, by mass action, or call it simply a reverse, hurting China and big business in favor of the buy side of the market.
The Daily Treasury Report gives a precise total for government revenue on a daily basis, and that. Revenue correlates very well with the discretionary liquidity in the consumer and business market.
The year over, that is the comparison of yesterday’s collection with the same date the previous year predicts the ups and downs of market activity.
Two day collection 5/1 and5/2 was 30.9 billion, 8.4% above last year.
The fiscal year to date was 23.5 billion year over, a 1.27% increase
Of that, the excise tax was 57.768 b, 21% up year over
It is unclear, if excise tax and tariffs are clearly separated in DTR, listing Customs and certain excise tax as $47.24 billion and excise tax as 57.77. The 47 billion grew 67% from 28.25 in 2017 year over, year to date 5/2/19. So, I think tariff collected thus far this year amounts to $47,242 million/ 47.2 billion. (There appears to be an anti tariff bias in the formats of reporting. Sad to see political bias distort the research)
The National Debt, $21.987 trillion grew 4.7% year over
The other interesting thing, the velocity within the GDP remains low with the driving force represented by the M1 and that mostly in the hands of banks and investments where there is little turnover in the consumer market.
Wages are up and employment is up, so is the stock market, but one might guess that most of the GDP still belongs to the 1% where investment growth still exceeds income growth.
Historically that maldistribution of wealth changes with, war, revolution, depression or even the plague. The subprime mortgage depression presented an opportunity for redistribution to take place by natural means, but was averted by an unprecedented infusion of taxpayer dollars to save the very perpetrators of the crisis - cynically, quite the reverse of unfettered free market cause-and-effect, which could have dumped trillions from the illegal mortgages back into the consumer market.
Interesting times, tariffs could produce some redistribution of wealth by reversing, the economists accounting equation for trade deficit, by mass action, or call it simply a reverse, hurting China and big business in favor of the buy side of the market.
posted by Clancy Hughes | 5/03/2019 05:20:00 PM
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