Tax collections for April and real time data into early May showed a strong economy until last week. Then something went wrong. Click here to…
Withholding tax collections through May 7 remain strong. Click here to download the report (Subscribers Only) One Month Free Trial and 90 days risk free…
Federal tax collection data for March showed modest economic growth but continuing wide Federal budget deficits. An uptick in nominal revenues has reduced Treasury issuance…
Beware! March withholding tax collections were strong, but excise taxes were weak. Click here to download the report (Subscribers Only) Not a subscriber yet? Get…
Real time federal tax receipts and other real time data bely the current bullish narrative. Here’s why the Fed won’t ease policy and why the…
Federal withholding tax collections went through the roof and excise taxes had solid gains in February. Here’s what this means for the economic data ahead,…
It has been 4 weeks since the government shutdown ended, not enough time for any official economic data on the post shutdown period. But we…
CORRECTION: This morning I noticed an error in my reporting of the Federal Excise Tax collections in January. The error was borderline material relative to…
The media had been excusing the stock market decline, and explaining the bond market rally in December by saying that investors were worried about slowing…
The tax trends will not deter the Fed from continuing to tighten policy. Here’s why, and what to do about it.
