The Consensus Revenue Estimating Group, CREG, has released its report for July. I am planning a longer article about it, placing it in its proper macroeconomic context, but because of this week's Revenue Committee meeting in Thermopolis, I wanted to put up a short note on the report before they get started. (By the way, in case you happen to be in the area, the meeting is Wednesday and Thursday.) So here goes.
The report's leading message is that: