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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (75842)	1/13/2023 8:08:43 PM
From: Lee Lichterman III	4 Recommendations Recommended By ajtj99 rimshot skier31 towerdog Respond to of 97611

I'm not positive but I believe that they drain it to pay bills but can't refill it until the ceiling is raised. To refill it, they would have to issue new bonds which is additional obligations that would count against the ceiling. Now, they said they are going to do extraordinary measures. I saw a list of them the other day and they are mostly shuffling funds and halting "normal issuance" of various bonds and treasuries etc. There might be a shuffle of money they can do from other accounts back into the TGA I'm not aware of so like I said, I'm not positive. All in all though, I think it's going to act like QE just like it has the last few months but on steroids because there won't be any new bonds draining some back. The fun comes when it's empty. The heroin addicts of the market will go cold turkey and the Fed will have drained additional out of the system that no one was feeling because the TGA drain was hiding it. I think nothing else really matters right now as to why this market is going up news wise. It's pure 100% TGA liquidity since October/November. It will have to run out at some point and then the bear is going to wake up hungry and angry.