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Macro & Liquidez

La fontanería del dólar, medida todos los días
Régimen actual

Total Federal Revenue

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Correlation between Federal revenue and Bitcoin, S&P 500, Nasdaq, gold and oil

Think of it this way

It is what comes into the government's checking account each month.

What is Total Federal Revenue?

Everything the federal government collects in a month, from the Monthly Treasury Statement.

How to read Total Federal Revenue

Even more seasonal than spending: April is triple February because of tax payments.

What Total Federal Revenue means for the market

A month of strong tax collection drains liquidity as forcefully as an auction.

Where the money flows

Everything the federal government collects in a month, from the Monthly Treasury Statement.

What to watch in Total Federal Revenue

The April peaks explain liquidity drops that seem inexplicable.

Taxes leave the private system and enter the Treasury's account.

Glossary of monetary plumbing