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What’s Up with Down Withholding Tax Collections

Withholding taxes rebounded in January, but they were still negative year to year in inflation adjusted terms, and barely positive in nominal terms. Non-subscribers, click here for access.

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By any standard, the withholding tax data doesn’t support the jobs report.  Non-subscribers, click here for access. 

But that’s not what matters. Here’s what does.    Non-subscribers, click here for access. 

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Posted in 1 - Liquidity Trader- Money Trends, Fed, Central Bank and Banking Macro Liquidity