Conversation

Since everybody is panicking over a plunge in the Dow index:

1. Things have been overheated & this does happen.
2. The US government debt ceiling may breach this month.
3. There may be another government shutdown later this week.
4. The IRS is performing at its finest in hauling in the gross receipts as to taxes. Tax collection is at record levels. Spending drastically outpaced receipts even before the TCJA cuts.
5. The Federal Short Term Funds Rate (“interest rates”) adjusts quarterly.