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
FAIRtax Webinar READ MORE
FAIRTAX HAS A NEW ONLINE COMMUNITY, AND WE WANT YOU TO JOIN!
FAIRTAX HAS A NEW ONLINE COMMUNITY, AND WE WANT YOU TO JOIN!
​Last year, Americans for Fair Taxation invested a great deal of thought and time in creating a new online community for FAIRtax supporters and activists. Using contributions from everyday Americans who care about fair taxation, we sought out the perfect platform and built our new community from the ground up. READ MORE
Buffett says economy is feeling strong: 'If we're in the sixth inning, we have our sluggers coming to bat'
Buffett says economy is feeling strong: 'If we're in the sixth inning, we have our sluggers coming to bat'
​Berkshire Hathaway chairman Warren Buffett and J.P. Morgan Chase chief executive Jamie Dimon told CNBC the U.S. economy is in rare form and could continue to prove strong for years to come. READ MORE
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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