US Daily Cash Deficit 9/29/2014

The US Daily Cash Surplus for Monday 9/29/2014 was $12.2B bringing the September 2014 surplus through 29 days to $56B.

2014-09-29 USDD

At first glance, 2014 appears to have lost a lot of ground, but remember, I adjust based on days of week in an attempt to synchronize 2013 vs 2014 YOY. Last year, Monday 9/30/2014 was the last day of the month….and benefited from a lot of quarter end activity. September 2014 has an extra business day, and ends on a Tuesday…..So tomorrow, 2014 will add both revenues and cost, while 2013 will remain as is…with a $59B surplus. All eyes are really on revenue….we need about $26B to get to +10%….which does not seem unreasonable…..we’ll find out tomorrow.