USA 4Q23 earnings
A good chunk of the higher than anticipated deficit is driven by temporary depressed tax receipts. This will likely reverse in the next twelve months, potentially alleviating interest rate pain.
On October 20, 2023, the US Treasury published their treasury statement for fiscal year 2023 that ended on September 30, 2023. Given that fiscal stimulus has become the dominating driver for the economy and financial markets, I believe it makes sense to study their financial statements in a bit more detail. I am going to look at what drives these enormo…
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