TGA: ANOTHER USELESS POST?

Since the corona crisis, the TGA has been a red herring, but for how long?

Way back in July, I highlighted the growing balance in the Treasury’s “chequeing” account - the Treasury General Account [TAKING A DEEPER DIVE INTO THE TGA].

Although there are conflicting viewpoints of TGA’s effect on both the economy and markets, I firmly believe that changes in this account play an enormous role in the short-term direction of financ…