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Recommend Emini FuturesCast / The Daily Pod 07/29/11 (Email)

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George waves good-bye (read more)

Are you long or short? Perhaps you're not a gambler and chose to reamain on the sidelines while the good folks on Capitol Hill decide the state of our nation. As we mentioned on the show, it was reported yesterday that the US Treasury now has an operating cash balance of $73.8 billion -- $2.4 billion less than the cash that Apple, the computer giant, has on its books.

The reason is simple: Apple collects more cash than it spends. With Washington, it's the other way around. And increasing Washington's revenues via higher taxes does nothing to rein in spending.


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