The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
TGA TALK (AGAIN)
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TGA TALK (AGAIN)

The 'tourist says all the negative liquidity withdrawal forecasts might prove correct, but unfortunately, it's not quite so easy

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Kevin Muir
Jun 07, 2023
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The MacroTourist
The MacroTourist
TGA TALK (AGAIN)
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I struggled a bit writing this piece because it’s about financial plumbing (which is tough to make exciting). And not only that, there is no obvious conclusion. Yet, I think it’s important because there is a lot of discussion regarding the Treasury’s intention to replenish the TGA (the Treasury General Account) and some of the commentators are forecasti…

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