The Treasury has already blown through all the revenue from Tax Day and its cash on hand is down $300 billion from a month ago.
Now Treasury will have to issue more debt to pay its bills, unless Yellen purposely runs down this cash account to make the debt look smaller than it… https://t.co/9avTSEZh5p
— Wall Street Mav (@WallStreetMav) May 16, 2024
In less than 4 years, inflation-adjusted US government spending now exceeds the combined spending of:
– World War I
– World War II
– 1970 to 1990This is extremely worrying for the long-term health of the economy
But everyone, except the US government, seems to understand it pic.twitter.com/L6T4AZbqV1
— Bravos Research (@bravosresearch) May 16, 2024
China just dumped the largest amount of U.S. Treasuries and Agency Debt in history. pic.twitter.com/1oI8mjSd3x
— Win Smart, CFA (@WinfieldSmart) May 16, 2024