Why Is US Treasury Hoarding Cash From Blockbuster Tax Collections?

The US Treasury continues to see strong growth in tax collections, but instead of reducing debt offerings commensurately it has been building an immense stash of cash. Does the government know something we don’t? Maybe. Two key line items in the month end totals from the Daily Treasury Statement have been slowing for the past 3 months.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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