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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (46810)12/8/2005 1:19:31 PM
From: Ramsey Su  Read Replies (2) | Respond to of 110194
 
This seeems somewhat out of character for CFC, wonder what they are up to.

For them to be moving so strongly into the higher risk areas under current conditions is something that I can't figure out. They can sit back on servicing revenue and have no pressure to be so aggressive.

Could Angelo be building up asset size for a sale?



To: russwinter who wrote (46810)12/8/2005 2:30:43 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
CFC Passes the Trash
globaleconomicanalysis.blogspot.com
Mish



To: russwinter who wrote (46810)12/8/2005 2:42:19 PM
From: mishedlo  Respond to of 110194
 
Do you have a figure for how tax receipts were affected by all this repatriation of cash from overseas?

Some one on my FOOL board was harping about this:

Looking at the numbers from the Treasury Department

fms.treas.gov

you can see that Federal receipts were up in 2005 by almost 15% and the budget deficit down by 23%. Numbers in billions of dollars.


Receipts Outlays Deficit
2004 1880 2293 413
2005 2154 2472 318

Not bad for a "shaky" economy -- maybe it was the tax cuts in 2003.