The US Daily Cash Surplus for Friday 7/18/2014 was $4.3B following Thursday’s $4.1B deficit, leaving the deficit relatively unchanged since my last report at $70B.
The first thing to note is that 18 days in…2014 revenue has finally zoomed past 2013…thanks in part to a $4.3B receipt from the Justice Department. Last July only had $547M for the full month…I can only assume this is somehow related to the multibillion dollar bank settlements we’ve been reading about for the last week or so. None of this was in any of my forecast…so it’s pure upside.
Chalk this up as another good day…hitting and exceeding that 5% revenue growth # I’ve been talking about is starting to look quite likely with 9 business days left in the month.