Menu Close

US Economy Tanking- 9/26/22

this comment drew my attention:   

  On 9/24/2022 at 2:39 AM, sandy beach said:

This comment was on our message board last night. “Federal withholding & employment taxes up 16.9% in September from last year. Wow!”

I track and report this very important data every month virtually in real time. So I’m surprised to see that someone already knows what September will bring. I wasn’t aware of the existence of future data.  Curious as to the source. 

Anyway, it’s wrong.

Doug Noland’s Credit Bubble Bulletin: Putin & The Vigilantes

The main focus for the week was on a slew of central bank tightening measures. But Putin’s speech marked an alarming ratcheting up of geopolitical risk. It essentially guarantees months of Putin hardball and associated uncertainty.

And it’s unclear whether the Fed, ECB, or other central banks are prepared to abruptly shift course and orchestrate another concerted QE program to re-liquify liquidity-challenged global markets. And this is a huge issue. The world could now be in the early stage of history’s greatest globalized de-risking/deleveraging cycle – and a global central bank liquidity backstop is not a policy focus.