Relevant:
- Real Time Tax Collection Data Shows US Economy Crashing - The Wall Street Examiner
- Real Retail Sales Per Capita: Another Perspective on the Economy - Doug Short
- Thanks to the Fed, $1300 Gold Is Just the Start
- 3rd Quarter GDP Likely Negative, Recession Never Ended
- The Data Says: 100% Chance of Recession Within 7 Months
2016-02-22 — mishtalk.com
Real-time tax data indicates the U.S. economy stalled out last Autumn and has now gone negative. Income tax withholdings are down 0.2% year-over-year in real terms in the past four week. The trends indicate recession if they continue.
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"If the U.S. economy continues to weaken, we fully expect the Fed not only to start another round of quantitative easing but to adopt a negative interest rate policy that will likely be accompanied by restrictions on the use of physical currency." [Says TrimTabs CEO David Santschi].
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I am sticking with my call that a recession started in December.
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