Mike Norman – Understanding The Daily Treasury Statement

About Course:When you delve into the Daily Treasury Statement here are a few things you will learn:Did you know that the U.S. government “paid back” $99 trillion to investors last year? Yet, our leaders are considering cutting Social Security for seniors because the SS trust fund is projected to have a $4 trillion shortfall in 40 years. This information is from the Daily Treasury Statement, based on the Treasury’s own records.Did you know that leading flows (spending) to the economy have been very strong, yet government spending, as reported in the officially released GDP report, shows a decline? This information is in the Daily Treasury Statement.Did you know that we spend 50 times more on interest on public debt than on food stamps? This information is from the Daily Treasury Statement.Did you know that last February, the federal government sent out $120 billion in tax refunds? It will do the same this February, and it happens every year. You can find this information in the Daily Treasury Statement.Do you know why there is an expression, “Sell in May and walk away,” when it comes to the stock market? The Daily Treasury Statement explains this seasonal effect and why it is so predictable. (By the way, most stock market investors and analysts don’t know the real reason why.)