The Treasury announced today that its 4 week bill will be $35 billion instead of $23 billion as forecast just last week by the TBAC. That’s $12 billion of the extra cash I was expecting the Treasury to need to pay its bills this week. It reduces the scheduled paydown (cash back to bill holders)…
Email Bulletins Archive
An archive of Wall Street Examiner Email Bulletins
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Charts, Economics, Email Bulletins Archive
Food Stamps and The Government’s Last Put
by Lee Adler • • 3 Comments
This is a repost of a Wall Street Examiner Email Bulletin. I hope you are enjoying a fine summer weekend (if you are in the northern hemisphere)! As you probably know I was on the road for most of the past week and I have a lot of catching up to do on my Wall…
Economics, Email Bulletins Archive, Liquidity Trader Complete
Such a Deal
by Lee Adler • • 0 Comments
So they made a deal. Let’s assume for just a minute that they actually can corral enough votes in both houses to pass it with the votes of the “moderates” of both parties within the next couple of days. That would be when the real trouble starts– dealing with the nuts and bolts of the…
Charts, Economics, Email Bulletins Archive
Europanic Trumps Debtmageddon
by Lee Adler • • 0 Comments
One of the macro liquidity indicators that I track in the Wall Street Examiner Professional Edition Fed Report shows the apparent reason why US financial markets, both stocks and bonds, had retained their buoyancy until the last couple of days. I won’t bore you with the particulars of the proprietary formula used to calculate this.…
Charts, Economics, Email Bulletins Archive, Housing, Liquidity Trader Complete
Builder Optimism Misplaced
by Lee Adler • • 0 Comments
Homebuilder Confidence in U.S. Rises More Than Estimated, NAHB Index Shows trumpeted the Bloomberg headline this morning. But the component numbers tell a different story. The Wells Fargo/NAHB Housing market index is a regular component of my regular housing market reports to subscribers of the Wall Street Examiner Professional Edition. Housing, though far less significant…
Economics, Email Bulletins Archive, Latest Business Headlines, Liquidity Trader Complete
Bernankenstein Confirms Monster Experiments
by Lee Adler • • 0 Comments
In testimony before the House Financial Services Committee today, Fed Chairman Bernankenstein confirmed in his own words what I have been writing for months. Here’s how Marketwatch.com put it: Just two weeks after completing a second extraordinary effort to juice the moribund U.S. economy, the Federal Reserve is contemplating more “untested” steps, the head of…
Charts, Economics, Email Bulletins Archive, Latest Business Headlines
Behind the Dismal Employment Numbers, Rogue Wave Coming
by Lee Adler • • 2 Comments
In the Treasury Update that I posted yesterday in the Wall Street Examiner Professional Edition I warned that regardless of what the government numbers would show, the jobs situation was deteriorating badly. Based on real time Federal withholding tax data, there have been virtually no job gains since last year. Here’s an excerpt from the…
Charts, Economics, Email Bulletins Archive, Latest Business Headlines
Federal Withholding Tax Data Says US Already In Recession
by Lee Adler • • 0 Comments
I wanted to follow up with you on the June 17 report on Federal Withholding Tax collections, which I cover regularly in the Professional Edition Treasury Update (latest report here). I like tracking withholding taxes because they are one of the only economic barometers that we can follow virtually in real time on a daily…
Charts, Economics, Email Bulletins Archive, Housing
Housing Indicators Show Lower Seasonal Peak
by Lee Adler • • 0 Comments
Two housing market indicators released over the last two days suggest that the market is making a seasonal peak at a weaker level than last year, but that the rate of decline is slowing. Mortgage purchase applications have been slipping in June following a small decline in the week ended June 17. They remain below…
Charts, Economics, Email Bulletins Archive, Liquidity Trader Complete
Federal Tax Receipts Show Economy Grinding To A Halt
by Lee Adler • • 0 Comments
This post is an abridged excerpt from the June 16 Wall Street Examiner Professional Edition Treasury update. Click here to try the service risk free for 30 days and get this week’s complete Treasury and Fed reports and all updates, along with other weekly and monthly reports essential for understanding where the markets and the…
