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Thursday, November 11, 2010

Growth in Treasury Budget Deficit Slows

Still catching up on yesterdays... the below shows the latest Treasury budget in nominal and relative (to GDP) terms... improving in second derivative terms.



It also puts the $900 billion in Treasury purchases ($600 billion in new QE, $300 billion from Mortgage purchase proceeds) in perspective (i.e. that is a LOT of purchasing).

Source: Treasury / BEA