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US Treasury Would Run Out of Money, So Borrows Via Cash Management Bill

I guess a hundred billion of borrowing a month isn’t enough. The US Government is apparently running out of cash, so they will do a Cash Management Bill today. Wow.

But no worries. The Fed will print the money to buy it. You have to wonder if the Fed might ever get a case of Buyer’s Remorse.

Liquidity moves markets!

Follow the money. Find the profits! 


The US Treasury posted this announcement yesterday.

CUSIP: 912796SW0
Term and Type: 16-Day Bill
CMB: Yes
Offering Amount: 15 Billion
Announcement Date: 11/19/2019
Auction Date: 11/20/2019
Issue Date: 11/26/2019
Maturity Date: 12/12/2019

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, 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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