Massive Amounts Of Overseas Cash Are About To Pour Into The US – And Provide A Boost To The Dollar

BATTLEFORWORLD-1 / BATTLEFORWORLD-2 – March 27, 2018: The CNN article about “The US Needs To Borrow Almost $300 Billion This Week” is very interesting and timely. All the countries that are expelling Russian diplomats, are they (Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Poland, Romania, Spain, Sweden, Albania, Australia, Canada, Macedonia, Moldova, Norway, Ukraine, etc.) being given money to join the movement whose evidence is based on “highly likely” against Russia being spearheaded by England and the United States? And here the United States need to borrow $294 billion, don’t have in on hand, and is issuing Treasury bonds. Are the people to expect stock market panicking to force countries (and big investors) into buying US debt? (The stock market panicked: March 27, 2018, April 2, 2018, April 4, 2018, April 6, 2018)

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BANK OF AMERICA: Massive amounts of overseas cash are about to pour into the US — and provide a boost to the dollar

YAHOO – April 5, 2018: While sweeping changes to the tax system were widely expected to encourage multinational companies to bring cash back to the US, the first fiscal quarter under the policy didn’t see as much repatriation as some envisioned.

But the tax law’s effects are just getting started, according to analysts at Bank of America Merrill Lynch. They predict repatriation will pick up in the next three months and, in theory, boost the US dollar.

One of the most contrarian calls we have made this year is that US profit repatriation flows following the recent tax reform will be bullish for the USD,” the analysts wrote in a note to clients Thursday.

US companies have about $3.5 trillion accumulated profits abroad today, the analysts noted, and they expect up to 90% of companies they surveyed to repatriate “at least part of” that money.

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The US Needs To Borrow Almost $300 Billion This Week

CNN – March 27, 2018:  Uncle Sam needs to borrow a ton of money this week — in the middle of a fight with its biggest creditor.  The United States plans to sell about $294 billion of debt, according to the Treasury Department. That’s the highest for a week since the record set during the 2008 financial crisis.

Federal revenue is declining because of President Trump’s tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington’s borrowing costs have climbed rapidly in recent months.

“The amount of debt coming on the market this week is extremely large,” said Rick Rieder, global chief investment officer of fixed income at BlackRock, the world’s largest asset manager.

The government is auctioning all this short- and longer-term debt at an awkward time. Last week, Trump vowed to impose wide-ranging tariffs on China, which owns of more Treasury bonds than any foreign country.

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FEDERAL DEBT PRIMED TO EXPLODE

CNBC – April 9, 2018: The article highlights that: The Congressional Budget Office forecast that the new tax law will generate an average of 0.7 percent growth over the decade and create 1.1 million jobs. However, larger budget deficits would crowd out private investment in later years, dampening economic growth. As a result, the CBO estimated the cumulative deficit over the next decade will be $1.6 trillion larger than previously projected. By 2028, the national debt would total 96 percent of GDP.

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Trillion-dollar deficits come roaring back

WASHINGTONTIMES – April 9, 2018: President Trump has overseen a dramatic worsening of the government’s finances in his first 14 months in office, sending deficits soaring to more than $800 billion this year topping $1 trillion by 2020, and staying there every year for the foreseeable future, the Congressional Budget Office said Monday.

As those yearly deficits pile up, the debt will deepen dramatically. Within a decade the debt held by the public will total $28.7 trillion, flirting with rates nearly 100 percent of the economy, as measured by gross domestic product, the CBO said.

The CBO warned of serious consequences: “The likelihood of a fiscal crisis in the United States would increase,” the analysts said, repeating a warning that’s done little to change the behavior of lawmakers.
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Federal budget deficit nears $600 billion in first half of 2018

THEHILL – April 7, 2018: The federal budget deficit hit $598 billion in the first half of the 2018 fiscal years, according to the Congressional Budget Office, quickly outpacing the deficits of recent years.

At the same point in 2017, the deficit was $78 billion lower. That year, the entire deficit amounted to $666 billion, just 11% higher than the amount the U.S. government had to borrow in the first half of 2018.

The fast-increasing deficit expanded as government outlays grew 2.5 times faster than revenues. On the revenue side, which was up 2 percent over last year, the GOP tax reforms ate into individual tax revenue, and slashed corporate revenue by $22 billion, or 22 percent.

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Countries who did not join the fake news “highly likely Skripal poisoning evidence movement” against Russia

SPUTNIKNEWS – March 27, 2018:  However, 12 EU member states, namely, Austria, Belgium, Bulgaria, Cyprus, Greece, Ireland, Switzerland, Luxembourg, Malta, Portugal, Slovakia and Slovenia, have not demonstrated “solidarity” with London and refused to boot out Russian envoys.

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