Lower August Tax Collections Suggest US Near Recession, Fed To Delay Again - The Wall Street Examiner

``Excise taxes declined 1.5% year over year in August. The -1.5% year to year decline compares with -4.5% in July. This continues a string of declines (or narrow gains) which have suggested that the economy entered recession this year. Excise taxes are based on unit volume, not prices. Therefore they may be an accurate gauge of economic activity independent of any need to adjust for inflation.''