DrStool Posted July 14, 2009 Report Share Posted July 14, 2009 Spending a buck while making 65 cents – Professional Edition by Lee Adler, Tuesday, July 14, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit The 4 week bill auction was again very strong, signaling no diminution of strong buying interest from FCBs and others. So the game can go on. It had better. The Treasury released its monthly statement for June late yesterday and it revealed that revenues covered only 70% of outlays, continuing a weakening trend that began early in 2008. Tax receipts dropped 17% from June 2008. While the trend of diminishing receipts has slowed a bit, there’s no sign of an increase in revenues. For the past year, on average, tax receipts have covered roughly only 65% of outlays. The rest must be made up with borrowing. The game can only go on for as long as our foreign lenders are willing and able. No doubt the will will always be there. They have too much at stake to risk withdrawing their lending support. So the question becomes one of how long they will be able to continue to fund $100 billion a month in Federal Government borrowing. When they no longer have the wherewithal, all kinds of questions arise. How much will the Fed print at that point? Will the government cut spending. Will it default on debt service? Will the US become a ward of the IMF? Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
BusKow Posted July 14, 2009 Report Share Posted July 14, 2009 It is a tale … full of sound and fury; signifying nothing. Link to comment Share on other sites More sharing options...
Bungster Posted July 14, 2009 Report Share Posted July 14, 2009 It is a tale … full of sound and fury; signifying nothing. 75% short at EOD Locked and loaded and waiting for surprises... Link to comment Share on other sites More sharing options...
Rounder Posted July 14, 2009 Report Share Posted July 14, 2009 INTC just blew out the Q...... and just blew off yer shorts... Link to comment Share on other sites More sharing options...
Private Skidmark Posted July 14, 2009 Report Share Posted July 14, 2009 Man did they put the noodle [deep] in the poodle in the ruboff. I had to say that. Link to comment Share on other sites More sharing options...
flyingscot Posted July 14, 2009 Report Share Posted July 14, 2009 INTC just blew out the Q...... and just blew off yer shorts... well i am sure the anal cyst took the numbers way down so they could beat... YoY numbers still tracking down. Link to comment Share on other sites More sharing options...
flyingscot Posted July 14, 2009 Report Share Posted July 14, 2009 SRS chart ? hows it looking ? Link to comment Share on other sites More sharing options...
BusKow Posted July 14, 2009 Report Share Posted July 14, 2009 SRS chart ? hows it looking ? here's some recent hysteria for ya... Link to comment Share on other sites More sharing options...
anotherone Posted July 14, 2009 Report Share Posted July 14, 2009 INTC just blew out the Q...... and just blew off yer shorts... Blew out the Aug QQQQ 35 and Sept QQQQ 34 puts I bought this afternoon. I should know better than to reload this soon after the 4 week and 6-7 week cycles turn up, but it looked like price was pushing on a string this afternoon. As some say, never putz a dull market. Link to comment Share on other sites More sharing options...
Bungster Posted July 14, 2009 Report Share Posted July 14, 2009 INTC just blew out the Q...... and just blew off yer shorts... You do realize that you just ruined my whole evening! Link to comment Share on other sites More sharing options...
Jorma Posted July 14, 2009 Report Share Posted July 14, 2009 SRS chart ? hows it looking ? That gap from 7/2 at 19.30 looks pretty to me but the real index IYR has it's gap fill point relatively higher, because of the damn shrinkage, at 32.70. An intermediate term swing trade on the levered ETF's is 3 days. They are a wasting asset. Link to comment Share on other sites More sharing options...
mdporter Posted July 14, 2009 Report Share Posted July 14, 2009 here's some recent hysteria for ya... I've been pretty busy at work so I missed the recent SRS runup. On Sunday I thought about buying some, fortunately I decided to wait on Monday before pressing the buy button, glad I did. As the real estate mess continues to unfold and pick up steam again I expect SRS to once again do well. Link to comment Share on other sites More sharing options...
mdporter Posted July 14, 2009 Report Share Posted July 14, 2009 "They" are absolutely desperate now to be coming up with crap like this: NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday. Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters. Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty. Rooters Source Making payments on behalf of borrowers? U F B Will they pay my rent on my behalf too? Link to comment Share on other sites More sharing options...
flyingscot Posted July 14, 2009 Report Share Posted July 14, 2009 You do realize that you just ruined my whole evening! they probably open higher close down tomorrowm Link to comment Share on other sites More sharing options...
Bungster Posted July 14, 2009 Report Share Posted July 14, 2009 DEATH BY A THOUSAND CUTS.... Link to comment Share on other sites More sharing options...
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