Treasury cash levels dropped from a peak of $1.8 trillion back in February to under $60 billion earlier this month ahead of the debt ceiling debate. With the passage of a debt ceiling increase, the Treasury is looking to refill its coffers, with as much as $480 billion.
To raise the cash, the Treasury will be selling more T-bills, which could start to weigh on the bond market, pushing up yields in the process. As we’ve seen throughout the year, rising Treasury yields can cause the market to stall. So while all eyes are on the Fed to cause the next market volatility, this time around it may be the Treasury.
Now here’s the rest of the news:
Where Are Global Economic Forces Pushing Gold and Silver Prices?
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: What’s next for gold and silver, more parallels with the Great Recession, and investment demand for bullion is reaching new heights. [Read Here]
October 18, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Winter Fishing Community of Trout River!
Snuggled in a sheltered cove on the West Coast of Nfld. [ near… Gros Morne National Park]
October 18, 2019
Thanks to the ongoing trade war with China and all the uncertainty that’s created, US industrial production sunk 0.5% month-over-month in December. That also sent total industrial production lower on a year-over-year basis for the first time since President Trump was elected.
Given how long major changes in production and sentiment need to change, a trade deal will need to be finalized soon to show up in the economic numbers before the 2020 election. The real crunch time for the markets – and Trump’s presidency – is now.
Uprooting Your Habits, both good-ones and bad-ones, takes considerable commitment! I’m personally working on replacing the word “but” with “and.”
The word but may trigger a negative reaction because it sounds like I’m counteracting one’s proposal.
The word and sounds like I’m adding or complimenting their suggestion.
“Mark, your proposal sounds amazing. We’ll be able to satisfy the employees and generate more sales. And it may entail a bigger budget that seems a little out of our reach.”
You first acknowledge Mark for all the benefits of his proposal (that it will be able to satisfy the employees and create more sales). Then you wittingly mention the objection at the end (that it will necessitate a larger budget, which the company may not approve).
The second sentence begins with and not but so the objection is perceived to be more of an additional comment rather than a criticism.
Using an illustrator/cartoonist, Darren Hardy’s message today is Uprooting Your Bad Habits.
Most people can relate to this story. Swallowing medicine is easier with a spoonful of sugar!!!
Inch by inch it’s a cinch … 😉