Are Federal Personal Withholding Tax Receipts Signaling Recession?

Normally, I produce my own charts. However, I do not have access to Federal Personal Withholding Tax Receipt data. But Liz Ann Sonders at Evercoredoes. And Zerohedge created this fascinating chart using her data.

Yes, it certainly looks like tax withholding receipts are crashing downwards

This post was published at Wall Street Examiner on June 9, 2016.