Saturday, August 5, 2017

How much cash reserve can the senators mantain?

They suffer large swings in interest charges, up to 100 billion, over the budget period.  They are lucky to  carry 300 billion in reserves today, and Janet still contributes 70 billion in seigniorage.  But the senators cannot make a budget, and they are signing on to an increase in interest charges.

So, expect another QE, yet another effort to get congress over the hump.

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