Friday, June 10, 2016

Tax Receipts and Recession

Here comes the rain again
Raining in my head like a tragedy
Tearing me apart like a new emotion

Both federal and state tax receipts are approaching 0% change year over year. When fed and state receipts fall in tandem like this, recession are often imminent.

Another data point added to many others that suggest major economic slowdown ahead (or here).

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