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Tax Collections Were Worse than the Jobs Report But…

After a strong June, tax collections weakened in July. Do they suggest that the widely feared recession may already have begun, or that maybe it’s just a normal correction?  Here’s the answer, as always with the proprietary graphs that you can’t get anywhere else that show you why.   Non-subscribers, click here for the rest of the story.

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