Wednesday, February 11, 2015

Quick Domestic Fiscal Snapshot...


Quick view of the current U.S. domestic fiscal backdrop besides all the attention cast this week on the European chaos wrt Greece's fiscal issues.

Data provided thru the 6th statement-day of February.  Nothing spectacular but generally supportive with a slight upward bias YoY.

This month of February has become a very strong month in this data series due to tax refund withdrawals and EITC withdrawals; so expect a strong February.

Clock still ticking the countdown to the expiry of the "debt ceiling" suspension in mid-March which should produce another moron-fest fiscal soap opera a few weeks from now.


1 comment:

mike norman said...

$443 billion last Feb!