So the numbers are in… and on the first day after the debt limit was removed, the debt outstanding increased by $328B…..which is the amount Treasury has been hiding for the last 5 months with “Extrordinary Measures”.
Here’s a snapshot of the DTS:
This really doesn’t count as a surprise….back in 8/2011 the day after yielded a $238B increase. I had guessed it would be similar…at around $250B, but this tops even the high end of what I would have expected….I guess Lew’s magic hat is a bit deeper than I expected. Well…if nothing else, if we ever get another debt limit, we know that we need to add $300B to get to the real number.