The most important governmental advisory committee you've never heard of just issued a stunning forecast and warning that every investor needs to hear.
This warning was not reported in the mainstream media, even though it came from the most elite level of Wall Street.
Nor did this crowd release its forecast through its captive media, like CNBC or The Wall Street Journal.
I'll tell you why in a minute, but people who do get this warning will have the chance to protect what's theirs and make some money when this happens.
Why We Need to Listen to TBAC
The committee that I am talking about is known in governmental circles and on Wall Street as the "TBAC" – the Treasury Borrowing Advisory Committee. This committee is authorized under federal law to meet with the U.S. Treasury to advise it on the Treasury's borrowing needs for the current and next quarter, as well as any other long-term issues that the Treasury requests.
The TBAC is comprised of the top executives of a select group of banks, investment funds, and primary dealers. In other words, it's the epitome of "plugged in."
The current 15 members of TBAC are a virtual "who's who" of top Wall Street executives: managing directors, chief investment officers, and head traders for firms like Prudential, BlackRock, JPM, Vanguard, BNY Mellon, Citadel, Barclays, Morgan Stanley, Goldman Sachs, PIMCO, Citigroup, and other less familiar, but equally powerful worldwide institutions.
Once each quarter, TBAC issues a report to the U.S. Treasury secretary that reviews economic developments of the past quarter and makes recommendations for future borrowing. The reports are issued early in February, May, August, and November.
The economic review is a rehash of old news.
More importantly, TBAC makes "recommendations" to the Treasury regarding its future borrowing needs. Those recommendations include a detailed schedule of issuance for the remainder of the current quarter and the following quarter. These schedules cover literally every bill, note, and bond auction, including expected gross and net issuance for the next four-and-a-half months.
About the Author
Financial Analyst, 50-year charting expert, finance + real estate pro, and market analyst; published and edited the Wall Street Examiner since 2000.