The chart of the week is courtesy Mike Shedlock via SafeHaven and looks at real Gross Domestic Income (GDI) in the US. Every time GDI has turned negative we have had pretty significant slowdowns or recessions. The GDI has just entered negative territory indicating another major slowdown is just around the corner:
Tax Breaks: Was It The Best Tax Filing Season In Years?
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Our latest edition of Tax Breaks. Plus: The IRS offers a breather for
beneficiaries of inherited IRAs, IRS plays ghost(employer)buster, tackling
O.J. Simps...
29 minutes ago