Wouldn’t it be lovely if there were a commitment of traders report for the entire economy? Well, there is one: it’s described by the Modern Monetary Theory (MMT).

 

Money is the lifeblood of an economy. If you trade anything, you’re probably trading money as well. Money is to profit-seeking individuals as the sea is to fish. So, as a contrarian¬†global-macro investor, you’ve got to be concerned with the monetary system.¬†COT reports document what certain groups of traders are doing at any given time. They tell you who’s long and who’s short. The MMT provides a framework for understanding who’s short money and who’s long money. The groups used in the MMT framework are; the private sector, the government sector and the external sector.

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An update of the daily treasury statement charts:

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