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Home / David Stockman's Contra Corner / Treasury Took In Cash, Banking Indicators Upticked in April, But It Won’t Last

Treasury Took In Cash, Banking Indicators Upticked in April, But It Won’t Last

Summary:
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.

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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.

About Lee Adler
Lee Adler
Editor and publisher of the Wall Street Examiner- http://wallstreetexaminer.com and The Wall Street Examiner Professional Edition, a proprietary service for professional investors and sophisticated individual investors.

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