Data on Federal tax collections comes to us in real time every day, courtesy of the US Treasury. This is unmassaged real data, not the endlessly finagled economic data put out by various other US government agencies. Tracking the tax data regularly enables us to see how the US economy is actually behaving, versus how the government wants you to think it’s behaving.
Irrational Employer Exuberance- Federal Tax Data Shows They Have It Wrong
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.