Chairman's Report - June 22, 2018
Chairman's Report - June 22, 2018
When you hear that the Gross Domestic Product (GDP) is 2.9% or 1.8% you may feel that they are just numbers. In fact, the average person probably only has a vague idea of what makes up the GDP numbers we hear about in the media. Simply put, the annual GDP measures the size of the US economy – it is the market value of all goods and services produced by labor and property within a country in a year. It includes both private and public consumption, investments, government expenditure and net exports.
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20180622 - Fairtax Friday & Chairman's Report
Grassroots Corner 6/22
Grassroots Corner 6/22
"If you are doing anything for the FAIRtax out in the field, we want all our FAIRtax Friday readers to know about it!" READ MORE
Webinar
Webinar
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20180622 - Fairtax Friday & Chairman's Report
Storm Clouds Gather Over the Fed
Wall Street Journal
Storm Clouds Gather Over the Fed
​The Federal Reserve’s plan for accelerating the pace of monetary policy-tightening might be running into some trouble...
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Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than They Make For 28th Month In A Row
Zero Hedge
Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than They Make For 28th Month In A Row
While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month in a row, YoY growth in spending has outpaced incomes, sending the savings rate back down to just 2.8, the lowest since the debt-funded holiday spending spree of December 2017, and just shy of record lows.
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