Aug. 14 at 4:49 PM
$GLD $JNUG $SLV $GDX $B
US Corporate Bonds Issuance (through July)
$1,681.0 billion, +26.9% Y/Y
The recipe: M2 expansion + Credit Expansion = Inflation
If you read over the monthly treasury statement you saw that "Corporation Income Taxes" @
$14B which is only ➡️ 4.2% of July receipts. For every
$100 collected from individual income taxes, the federal govt collected only about
$16.70 from corporate income taxes
If the govt continues running huge deficits while monetary conditions are also expanding & are likely to expand further after the midterms--inflation isn’t going away. In fact, the inflationary potential could be considerably greater
The govt is running roughly
$2 trillion in annual deficits, while additional stimulus is coming from
$177 billion in tariff refunds plus interest, money being injected due to the war w/Iran & the BBB, which is expected after the midterms & includes substantial corporate tax cuts & credits
There's more, don't forget about aid for farmers
