Relevant:
- Pre-Recession Tax Declines: Employers Are Always Last to Get the News | The Wall Street Examiner
- Here's What Excise Tax Collections Tell Us About the US Economy
- Lower August Tax Collections Suggest US Near Recession, Fed To Delay Again - The Wall Street Examiner
- Federal Withholding Tax Collections Are Plunging | The Wall Street Examiner
- Withholding Tax Collections Now Suggest Recession - The Wall Street Examiner
2018-07-05 — wallstreetexaminer.com
Federal tax revenue has cratered thanks mostly to the big reduction in corporate taxes, but withholding taxes have also been weak. Meanwhile, strength in excise taxes and non withheld individual income taxes suggest that the economy is booming in some sectors, enough to keep the Fed on its tightening course.
But what you really need to know is the Treasury cash levels are foreshadowing stock market moves. And that's bad news for bulls starting in late July. This report shows and tells you why it's time to batten down the hatches.
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