In addition to declining Federal withholding tax revenue declining through March 10, the just released Monthly Treasury Statement for February provides more evidence that the…
The annual rate of change in withholding tax collections through Thursday, March 3, adjusted for wage and salary inflation, has turned negative. This shows that…
The annual rate of change in withholding tax collections through Thursday, February 25, adjusted for wage and salary inflation, was essentially zero, putting the US…
The annual rate of change in withholding tax collections through Thursday, February 18, approached a level which signals not just recession but is within a…
The annual rate of change in withholding taxes has been falling since October. It turned negative in inflation adjusted terms in late December and has…
The annual rate of change in withholding taxes has grown increasingly negative in inflation adjusted terms for more than a month. Following on the heels…
The growth rate of withholding taxes has been growing increasingly negative in inflation adjusted terms for more than four weeks. Following on the heels of…
The growth rate of withholding taxes has now remained negative in inflation adjusted terms for two weeks. This followed a weak December. The implied real…
The growth rate of withholding taxes has turned negative. If that sticks, it will spell big trouble for the markets. This report explores the basics…
This is an excerpt from the Pro Trader Weekly Federal Revenues Report. Federal Revenues Pro Trader subscribers (or Professional Edition), click here to download complete report…