Dwindling Tax Receipts Highlight Looming Economic Slowdown

Dwindling Tax Receipts Highlight Looming Economic Slowdown

Tax receipts are falling, which has historically preceded economic recessions. In a recent post, we discussed the issue of rising debt levels on economic growth and increasing debt levels. To wit: “While Washington continues a seemingly unbridled spending spree under the assumption ‘more spending’ is better, debts and deficits matter. To better understand the impact…

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US economy shifts into disinflation mode; consumer prices rise modestly

US economy shifts into disinflation mode; consumer prices rise modestly

WASHINGTON, July 12 (Reuters) – U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation subsided further, but probably not fast enough to dissuade the Federal Reserve from resuming raising interest rates this month. The report from the Labor Department on Wednesday also showed underlying…

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DECD Business Assistance Program’s Economic Impact Overstated, Audit Reveals

How new lending technologies can address shifting economic crosswinds

The financial services business model is perpetually at a crossroads and too often faces crosswinds. An uncertain economy like we see today often breeds hesitation; financial institutions may be tempted to slow down or pause technology investments not geared toward tightening balance sheets or finding greater efficiencies. However, those institutions that will come out of…

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