MisFit Kid Posted September 18 Report Share Posted September 18 As Steely Dan sang (amongst their other mis-heard lyrics) 😀 Are You Reelin' in the Yields, stowin' away the time....... Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 1 hour ago, SiP said: Tax Withholding Growth Ticked up in August, but Was Near the Bottom of its Range Over Most of the Past Year https://taxtracking.com/tax-withholding-growth-ticked-up-in-august/ That's a bad take. Take out the mid year anomaly and the data lag inherent in the smoothing methodology and the chart shows persistent 5% growth. I assume that "adjusted" means adjusted for inflation. 5% growth isn't slow. And it's not slowing. I just updated the data through yesterday. Excluding the April anomaly the growth rate has broken out to its fastest pace in nearly two years. We now also know that the quarterly non withheld estimated taxes due on Monday blew the roof off. A mind blowing gain from the Q3 2023 take. https://liquiditytrader.com/index.php/2024/09/08/heres-hard-evidence-that-the-slowing-economy-narrative-is-false/ Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 2 minutes ago, DrStool said: That's a bad take. Take out the mid year anomaly and the data lag inherent in the smoothing methodology and the chart shows persistent 5% growth. I assume that "adjusted" means adjusted for inflation. 5% growth isn't slow. And it's not slowing. I just updated the data through yesterday. Excluding the April anomaly the growth rate has broken out to its fastest pace in nearly two years. We now also know that the quarterly non withheld estimated taxes due on Monday blew the roof off. A mind blowing gain from the Q3 2023 take. https://liquiditytrader.com/index.php/2024/09/08/heres-hard-evidence-that-the-slowing-economy-narrative-is-false/ So job market is doing ok. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 30 yields and other bonds feel the heat of faster inflation. Bad for gold. Gold made a top. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Reminder that the Fed doesn't set the rate. It follows the market. The market had already dropped 50 bp. Today, the Fed RATified. 1 Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 So big cuts before election. Â Polish President Duda to meet with Trump in Pennsylvania to try to weep voters for him. Duda is like Orban or Nathanyahu. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Just another in a long history of massive Fed blunders. Nothing new here. Nothing to see. There will be consequences. See you Tamara. Until then, Bonne nuit et bonne chance. Quote Link to comment Share on other sites More sharing options...
SiP Posted September 18 Report Share Posted September 18 2 minutes ago, DrStool said: Reminder that the Fed doesn't set the rate. It follows the market. The market had already dropped 50 bp. Today, the Fed RATified. Its rather well communicated. Market is constantly pricing changes and thats how it work. If Fed would say we would rise rate the market would react accordingly. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 18 Author Report Share Posted September 18 Camptown ladies sing this song, Duda, Duda. Camptown race track five miles long, oh de Duda Day.  1 Quote Link to comment Share on other sites More sharing options...
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