Daily Treasury Statement Charts Update: 31/3/11

An update of the daily treasury statement charts:

 

Total Operating Balance Vs S&P 500

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The total operating balance of the US Treasury rose by around $7.5 billion yesterday (latest). After the recent market action (over the short-term), one has to think that – if anything – the markets have entered the crack-up move stage described by the charts [Warning: this could be regarded as alchemistic]. As I explain here; watching the daily treasury statement could be useful in this long-term deleveraging environment where the private-sector is intent on paying down debt (or so we perceive).  The charts of the (lagged) total operating balance against (current) risk assets are shown below:

 

Total Operating Balance Vs Dow Inverted (LAGGED)

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Total Operating Balance Vs S&P 500 Inverted (LAGGED)

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Total Operating Balance Vs Russell 2000 Inverted (LAGGED)

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Total Operating Balance Vs VIX (LAGGED)

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See here for our collection of rare historical economic data.

Posted Apr 1, 2011