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View the original here: Charts of the Day: Consumer Debt Components Since 2003 and Since the Start of the 2007…
Read More: Is the Fed in Control? If So, Control of What?
Total Revenues: -$468.8 million (-10%) Income Tax: $156.2 million (5%) Sales Tax: -$390.7 million (-40%) Corporate Tax: -$26.4 million (-9.1%) What the Numbers Tell Us Typically, July is a month when California revenues go on vacation, as the month accounts for about one dollar of every $20 deposited in the General Fund.
Please see Target2 and the ELA (Emergency Liquidity Assistance) program; Reader From Europe Asks "Can You Please Explain Target2?" for a more compete description. There is much misinformation floating around on how Target 2 works, what Germany’s liabilities are, so please click on the above link if you are interested in target 2 balances. The following chart from PIMCO article TARGET2: A Channel for Europe’s Capital Flight shows the capital flight through March