The Treasury has built up a big cash balance at its bank, the Fed, but it won’t hang around for long. Turmoil is coming, most likely in October, when the government runs out of pension funds to raid.
Treasury Took In Cash, Banking Indicators Upticked in April, But It Won't Last
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.