by Mike ‘Mish’ Shedlock
US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey.
The last two times the survey plunged this much, the US was already in recession.
Is it different this time?
[…] I like to credit my sources. I picked that chart up from Liz Ann Sonders, Senior Vice President, Chief Investment Strategist, Charles Schwab & Co., Inc.
In turn, Sonders picked that up from Evercore ISI.
I added the recession bars and comments.