The US Daily Cash Deficit for 7/5/2013 was $5.2B bringing the July Deficit through 5 days to $59B. Although it’s only 4 business days, we have more or less a comparable full week to 2012…Revenues are up 7%. Cost…if we add back the $30-35B to July 2012 that was actually paid in June, we are pretty close to even. It’s still too early to tell, but 7% is a healthy gain so far (better than a decrease) and I would expect to build somewhat on that…especially with one extra business day over 2012 which we would expect to add about 5% or so of revenues and cost. So…looks like same old story…flat cost and ~+10% or so revenue gains. It’s a really good story….let’s hope it doesn’t end soon.
